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...
Moratorium breaches involving sale of mortgaged property and withdrawals from a corporate debtor's funds may warrant restoration to preserve the insolvency estate during CIRP. The notes state that the Adjudicating Authority's residuary jurisdiction extends to consequential directions required to protect and restore estate assets, independently of a finding of fraudulent or wrongful trading. Relief depends on the nature of the restoration sought, and unsupported claims that withdrawals were authorised do not displace the statutory moratorium and management-transfer framework. A direction to restore funds to the corporate debtor's account is described as valid consequential relief. A reference for action under an omitted provision concerning moratorium contravention is stated to be infructuous.
Moratorium breaches involving sale of mortgaged property and withdrawals from a corporate debtor's funds may warrant restoration to preserve the insolvency estate during CIRP. The notes state that the Adjudicating Authority's residuary jurisdiction extends to consequential directions required to protect and restore estate assets, independently of a finding of fraudulent or wrongful trading. Relief depends on the nature of the restoration sought, and unsupported claims that withdrawals were authorised do not displace the statutory moratorium and management-transfer framework. A direction to restore funds to the corporate debtor's account is described as valid consequential relief. A reference for action under an omitted provision concerning moratorium contravention is stated to be infructuous.
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