Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
A suspended director who is also a personal guarantor may qualify as a person aggrieved because the CIRP outcome can expose personal assets to creditor enforcement. The notes explain that objections to CIRP must be raised promptly, and belated attempts to undo an advanced process undermine the Code's time-bound framework. CIRP valuations must be conducted by registered valuers under the prescribed regulations; they inform but do not bind the CoC, and earlier or private valuations do not displace compliant CIRP valuations. An investor commitment letter is not a resolution plan unless submitted in the prescribed form and timeline. Review of an approved plan remains limited to statutory non-compliance or material irregularity and does not extend to reassessing the CoC's commercial decision.
A suspended director who is also a personal guarantor may qualify as a person aggrieved because the CIRP outcome can expose personal assets to creditor enforcement. The notes explain that objections to CIRP must be raised promptly, and belated attempts to undo an advanced process undermine the Code's time-bound framework. CIRP valuations must be conducted by registered valuers under the prescribed regulations; they inform but do not bind the CoC, and earlier or private valuations do not displace compliant CIRP valuations. An investor commitment letter is not a resolution plan unless submitted in the prescribed form and timeline. Review of an approved plan remains limited to statutory non-compliance or material irregularity and does not extend to reassessing the CoC's commercial decision.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
