Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
The pre-packaged insolvency resolution framework is amended to require the resolution professional to appoint registered valuers within three days of appointment to determine fair value and liquidation value, unless the committee records reasons to appoint two sets of valuers. Disqualifications are specified for related parties, recent auditors, partners or directors of the resolution professional's insolvency professional entity, and their relatives. The valuation rules are also revised so that the coordinating valuer's fair value becomes the corporate debtor's fair value, or the average of two coordinating valuations where two sets are appointed. Liquidation value is similarly fixed by the aggregate of valuation estimates, or the aggregate of the averages from two sets where applicable.
The pre-packaged insolvency resolution framework is amended to require the resolution professional to appoint registered valuers within three days of appointment to determine fair value and liquidation value, unless the committee records reasons to appoint two sets of valuers. Disqualifications are specified for related parties, recent auditors, partners or directors of the resolution professional's insolvency professional entity, and their relatives. The valuation rules are also revised so that the coordinating valuer's fair value becomes the corporate debtor's fair value, or the average of two coordinating valuations where two sets are appointed. Liquidation value is similarly fixed by the aggregate of valuation estimates, or the aggregate of the averages from two sets where applicable.
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