Trademark depreciation and section 14A adjustments: ITAT applies consistency, independent book-profit computation, and no disallowance without exempt ...
Rebuttable search presumptions and corroboration standards shaped deletion of unsubstantiated additions, while rental income and limited profit estima...
The amendment regulations expand and standardise the personal guarantor insolvency framework by removing clause (e) in regulation 3, replacing prescribed Forms A, B and C with forms notified by circular, and inserting a detailed statement-of-assets requirement for applications under sections 94 and 95. The new disclosure covers cash, business interests, investments, immovable property, retirement benefits, digital assets, intellectual property, valuables, agricultural assets, receivables, contingent claims, ESOPs and beneficial interests, including assets held indirectly, jointly, fiduciary or through nominees and other arrangements. They also introduce a coordination and creditor-approval mechanism for transfer of assets in related corporate insolvency proceedings and align certain procedural provisions with sections 106 and 28A.
The amendment regulations expand and standardise the personal guarantor insolvency framework by removing clause (e) in regulation 3, replacing prescribed Forms A, B and C with forms notified by circular, and inserting a detailed statement-of-assets requirement for applications under sections 94 and 95. The new disclosure covers cash, business interests, investments, immovable property, retirement benefits, digital assets, intellectual property, valuables, agricultural assets, receivables, contingent claims, ESOPs and beneficial interests, including assets held indirectly, jointly, fiduciary or through nominees and other arrangements. They also introduce a coordination and creditor-approval mechanism for transfer of assets in related corporate insolvency proceedings and align certain procedural provisions with sections 106 and 28A.
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