Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
During CIRP, a resolution professional may require related or connected entities to furnish mall revenue records, including rent and parking income, when the information is needed to collect, collate and verify the corporate debtor's affairs. Producing records is treated as a preliminary disclosure step and does not decide ownership, contractual validity, entitlement to revenue, or any avoidance issue. A plea of separate legal personality or disputed 2018 agreements does not defeat cooperation where the entity has an admitted nexus with the corporate debtor. A cross-objection objection also fails where no enlargement of relief is sought.
During CIRP, a resolution professional may require related or connected entities to furnish mall revenue records, including rent and parking income, when the information is needed to collect, collate and verify the corporate debtor's affairs. Producing records is treated as a preliminary disclosure step and does not decide ownership, contractual validity, entitlement to revenue, or any avoidance issue. A plea of separate legal personality or disputed 2018 agreements does not defeat cooperation where the entity has an admitted nexus with the corporate debtor. A cross-objection objection also fails where no enlargement of relief is sought.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
