Business reorganisation requires recognition of successor's modified return; draft orders against dissolved transferor quashed and fresh review direct...
Pre-commencement R&D deduction denied where business had not commenced; deeming benefit requires tangible start of manufacture or commercial exploitat...
Priority of set-off: brought forward business losses must be adjusted before unabsorbed depreciation; procedural safeguards required for invoking rest...
The Liquidation Process Regulations are amended to require, for a corporate debtor classified as an MSME, the liquidator to appoint one registered valuer for each asset class. The liquidator may appoint two registered valuers only after consultation with the consultation committee and for reasons recorded in writing. The amendment takes effect on publication in the Official Gazette and also makes a drafting change in regulation 35 by inserting the word "further" in the existing proviso.
The Liquidation Process Regulations are amended to require, for a corporate debtor classified as an MSME, the liquidator to appoint one registered valuer for each asset class. The liquidator may appoint two registered valuers only after consultation with the consultation committee and for reasons recorded in writing. The amendment takes effect on publication in the Official Gazette and also makes a drafting change in regulation 35 by inserting the word "further" in the existing proviso.
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