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Pension fund, namely, 2743298 Ontario Limited specified for sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of IT ACT. - 36/2023 - Income TaxExtract ..... ssessee) as the specified person for the purposes of the said clause in respect of the eligible investment made by it in India on or after the date of publication of this notification in the Official Gazette but on or before the 31st day of March, 2024 (hereinafter referred to as the said investments) subject to the fulfilment of the following conditions, namely:- (i) the assessee shall file return of income, for all the relevant previous years falling within the period beginning from the date i ..... x x x x x Extracts x x x x x Pension fund, namely, 2743298 Ontario Limited specified for sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of IT ACT. - 36/2023 - Income Tax x x x x x Extracts x x x x x ..... ion under clause (23FE) of section 10 of the Act; (v) the assessee shall continue to be regulated under the laws of the Government of the Province of Ontario, or the federal laws of the Government of Canada, or both; (vi) the assessee shall be responsible for administering or investing the assets for meeting the statutory obligations and defined contributions of one or more funds or plans established for providing retirement, social security, employment, disability, death benefits or any similar ..... x x x x x Extracts x x x x x Pension fund, namely, 2743298 Ontario Limited specified for sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of IT ACT. - 36/2023 - Income Tax x x x x x Extracts x x x x x ..... of Explanation 2 to clause (23FE) of section 10 of the Act] but the monitoring mechanism to protect the investment with the investee including the right to appoint directors or executive director shall not be considered as participation in the day to day operations of the investee. 2. Violation of any of the conditions as stipulated in the said clause (23FE) of section 10 of the Act and this notification shall render the assessee in eligible for the tax exemption. 3. This notification shall com ..... x x x x x Extracts x x x x x Pension fund, namely, 2743298 Ontario Limited specified for sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of IT ACT. - 36/2023 - Income Tax x x x x x Extracts x x x x x
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