Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Regulation 31A authorises a regulatory fee on resolution plans as part of insolvency resolution process costs. The Insolvency and Bankruptcy Board's powers to levy fees and make regulations extend across the corporate insolvency resolution process and are not confined to service-provider registration or renewal. The residuary category of process costs may include the fee because the listed costs share no common genus limiting that power. The levy is a regulatory fee, not a tax: a broad nexus with regulatory services is sufficient and exact quid pro quo is unnecessary. It is neither arbitrary nor excessive merely because the regulator generates a surplus. The proviso applies prospectively to resolution plans pending adjudicatory approval and does not impose retrospective liability.
Regulation 31A authorises a regulatory fee on resolution plans as part of insolvency resolution process costs. The Insolvency and Bankruptcy Board's powers to levy fees and make regulations extend across the corporate insolvency resolution process and are not confined to service-provider registration or renewal. The residuary category of process costs may include the fee because the listed costs share no common genus limiting that power. The levy is a regulatory fee, not a tax: a broad nexus with regulatory services is sufficient and exact quid pro quo is unnecessary. It is neither arbitrary nor excessive merely because the regulator generates a surplus. The proviso applies prospectively to resolution plans pending adjudicatory approval and does not impose retrospective liability.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
