Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
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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