ITAT Holds Court-Approved Capital Reduction Outside the Ambit of Section 115QA
Foreign individuals (not only NRIs / OCIs) now permitted to invest in listed Indian securities under Schedule III of NDI Rules
No Disallowance u/s 40A(3) where cash payments are genuine and verifiable
Compensation paid on cancellation of ‘agreement to sale’, allowable as cost of improvement
Share price derived as per Rule 11UA prevails over third party transaction price