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...
IBBI has specified updated formats under the Liquidation Process Regulations, 2016 for use by insolvency professionals, IP entities and IPAs. The circular prescribes Forms AA, B, C, G, H, I and J for written consent to act as liquidator, public announcement, quarterly progress report, security-interest intimation, compliance certificate, deposit of unclaimed dividends or undistributed proceeds, and withdrawal from the Corporate Liquidation Account. It also states that claim forms notified under the CIRP Regulations may be used in liquidation, and references to IRP/RP in those forms are to be read as references to the liquidator.
IBBI has specified updated formats under the Liquidation Process Regulations, 2016 for use by insolvency professionals, IP entities and IPAs. The circular prescribes Forms AA, B, C, G, H, I and J for written consent to act as liquidator, public announcement, quarterly progress report, security-interest intimation, compliance certificate, deposit of unclaimed dividends or undistributed proceeds, and withdrawal from the Corporate Liquidation Account. It also states that claim forms notified under the CIRP Regulations may be used in liquidation, and references to IRP/RP in those forms are to be read as references to the liquidator.
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