Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
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Liquidation process regulations were extensively amended to strengthen committee of creditors control, tighten timelines, and standardise filings. The liquidator must now obtain committee approval for key actions including professional appointments, fees, valuation, claims-related matters, sale terms, private sale, compromise filings, extension requests, and early dissolution, while the committee continues through liquidation subject to revised membership and voting rules. Claims verification, stakeholder updates, and distribution timelines were shortened; form-based filings were replaced by Board-notified formats; and obsolete provisions on consultation committees and certain schedules were removed. The amendments also restrict sales to ineligible resolution applicants and related parties, and require a model liquidation timeline.
Liquidation process regulations were extensively amended to strengthen committee of creditors control, tighten timelines, and standardise filings. The liquidator must now obtain committee approval for key actions including professional appointments, fees, valuation, claims-related matters, sale terms, private sale, compromise filings, extension requests, and early dissolution, while the committee continues through liquidation subject to revised membership and voting rules. Claims verification, stakeholder updates, and distribution timelines were shortened; form-based filings were replaced by Board-notified formats; and obsolete provisions on consultation committees and certain schedules were removed. The amendments also restrict sales to ineligible resolution applicants and related parties, and require a model liquidation timeline.
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