Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
IBBI specifies the prescribed formats for key stages of the voluntary liquidation process under the VL Regulations, including public announcement, proof of claim forms for operational creditors, financial creditors, workmen or employees, authorised representatives, and other stakeholders, along with forms for deposit of unclaimed dividends or undistributed proceeds, compliance certification, withdrawal from the corporate voluntary liquidation account, and intimation of termination proceedings. The formats require disclosure of claim particulars, supporting documents, bank details, mutual credits or set-off, security interests, disputes, and affidavits/verification of truthfulness. The compliance certificate also captures timeline adherence, stakeholder distributions, avoidance transactions, and any deviations or pending proceedings.
IBBI specifies the prescribed formats for key stages of the voluntary liquidation process under the VL Regulations, including public announcement, proof of claim forms for operational creditors, financial creditors, workmen or employees, authorised representatives, and other stakeholders, along with forms for deposit of unclaimed dividends or undistributed proceeds, compliance certification, withdrawal from the corporate voluntary liquidation account, and intimation of termination proceedings. The formats require disclosure of claim particulars, supporting documents, bank details, mutual credits or set-off, security interests, disputes, and affidavits/verification of truthfulness. The compliance certificate also captures timeline adherence, stakeholder distributions, avoidance transactions, and any deviations or pending proceedings.
Note: It is a system-generated summary and is for quick reference only.
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