Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
The IBBI amended the Inspection and Investigation Regulations, 2017 by broadening references from "whole time member(s)" to "person(s)" and aligning the definition of insolvency professional related entities with the meaning in section 3(31A) of the Code. It also expanded the scope of regulation 13 to cover "directions", clarified in regulation 14 that the relevant direction must be issued by the Disciplinary Committee, and replaced the fixed Form A requirement with a format notified by the Board. Form A was omitted after Chapter V, making the prescribed format centrally notified rather than annexed to the regulations.
The IBBI amended the Inspection and Investigation Regulations, 2017 by broadening references from "whole time member(s)" to "person(s)" and aligning the definition of insolvency professional related entities with the meaning in section 3(31A) of the Code. It also expanded the scope of regulation 13 to cover "directions", clarified in regulation 14 that the relevant direction must be issued by the Disciplinary Committee, and replaced the fixed Form A requirement with a format notified by the Board. Form A was omitted after Chapter V, making the prescribed format centrally notified rather than annexed to the regulations.
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