PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Section 32A protection extends the clean slate principle to a corporate debtor sold as a going concern during liquidation, subject to fulfilment of statutory conditions. Unclaimed past liabilities, pending or future proceedings, and pre-existing non-compliances cannot continue against the purchaser after completion of the sale where the statutory protection applies. This consequence arises by operation of law rather than as a discretionary waiver or concession. Purchasers seeking waivers or concessions concerning past liabilities must pursue those requests before the relevant statutory authorities.
Section 32A protection extends the clean slate principle to a corporate debtor sold as a going concern during liquidation, subject to fulfilment of statutory conditions. Unclaimed past liabilities, pending or future proceedings, and pre-existing non-compliances cannot continue against the purchaser after completion of the sale where the statutory protection applies. This consequence arises by operation of law rather than as a discretionary waiver or concession. Purchasers seeking waivers or concessions concerning past liabilities must pursue those requests before the relevant statutory authorities.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4886 
