Karnataka HC: A Neighbour Cannot be Charged With Matrimonial Cruelty under Section 498A IPC  ||  Revisional Power U/S 25B(8) of Delhi Rent Control Act is Supervisory; HC Cannot Revisit Facts  ||  Poverty Cannot Bar Parole; Rajasthan HC Waives Surety For Indigent Life Convict, Sets Guidelines  ||  Delhi High Court: Late Payment of TDS Does Not Absolve Criminal Liability under the Income Tax Act  ||  NCLT Kochi: Avoidance Provisions under Insolvency Code Aim to Restore, Not Punish, Parties  ||  Bombay High Court: In IBC Cases, High Courts Lack Parallel Contempt Jurisdiction over the NCLT  ||  Supreme Court: Concluded Auction Cannot Be Cancelled Merely To Invite Higher Bids at a Later Stage  ||  SC: In Customs Classification, Statutory Tariff Headings and HSN Notes Prevail over Common Parlance  ||  SC: Under the Urban Land Ceiling Act, Notice U/S 10(5) Must be Served on the Person in Possession  ||  Supreme Court: Only Courts May Condone Delay; Tribunals Lack Power Unless Statute Allows    

Draft Guiding Principles for determination of Place of Effective Management of a Company - (Ministry of Finance ) (23 Dec 2015)

Draft to determine company’s ‘Place of Effective Management’

Direct Taxation

The Ministry of Finance has released draft guidelines proposing principles to determine the ‘place of effective management’ of a company, for the purposes of Section 6(3) of the Income Tax Act, 1961. Place of effective management refers to the location where “key management and commercial decisions…necessary for the conduct of business as a whole” are made. Some guiding criteria include the place where the company’s board meets and makes decisions regularly and location of the head office; secondary factors such as the place where substantial activity of the company is carried out can also be used. The Draft Principles can be accessed here.

Tags : INCOME TAX   COMPANY   EFFECT MANAGEMENT   DRAFT   PRINCIPLES  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved