Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
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Valuation under the IBC must be supported by comprehensive documentation, clear reasoning, and minimum report contents to improve consistency, transparency, comparability, and value maximisation. The guidelines prescribe mandatory documentation, valuation report disclosures, and asset-specific formats for land and building, plant and machinery, and securities or financial assets. They also require registered valuers to consider defined parameters for receivables and to cooperate with the designated coordinating valuer. The coordinating valuer must integrate asset-class valuations, assess synergies and intangible assets, maintain records, and prepare a coordinating valuation report with the final fair value of the corporate debtor. The circular applies to valuations conducted after its issue.
Valuation under the IBC must be supported by comprehensive documentation, clear reasoning, and minimum report contents to improve consistency, transparency, comparability, and value maximisation. The guidelines prescribe mandatory documentation, valuation report disclosures, and asset-specific formats for land and building, plant and machinery, and securities or financial assets. They also require registered valuers to consider defined parameters for receivables and to cooperate with the designated coordinating valuer. The coordinating valuer must integrate asset-class valuations, assess synergies and intangible assets, maintain records, and prepare a coordinating valuation report with the final fair value of the corporate debtor. The circular applies to valuations conducted after its issue.
Note: It is a system-generated summary and is for quick reference only.