Social forestry expenditure requires activity-based classification, limiting book-profit adjustments and preserving penalty relief where normal additi...
Inaccurate-particulars penalties fail where transfer-pricing documentation shows good faith and due diligence, and underlying capital-gains additions ...
Transfer-pricing tolerance for software sub-licensing falls within the services range, eliminating the adjustment and requiring TDS-credit verificatio...
Customs Broker due diligence requires prescribed KYC, not detecting misdeclarations discoverable only through physical examination, defeating licence ...
Prior Committee of Creditors approval of eligibility criteria is required before publication of Form G; Regulation 36A's publication timeline does not displace that requirement. On expiry of the CIRP without receipt of a resolution plan, section 33(1)(a) mandates liquidation, and a pending application alleging fraudulent or malicious initiation does not automatically halt that consequence. Going-concern status requires ongoing business operations, personnel and revenue generation, rather than residual assets alone. A suspended board has no unconditional right to impleadment in liquidation proceedings governed by objective statutory conditions. Further resolution efforts remain within the CoC's commercial judgment, which appellate review cannot replace.
Prior Committee of Creditors approval of eligibility criteria is required before publication of Form G; Regulation 36A's publication timeline does not displace that requirement. On expiry of the CIRP without receipt of a resolution plan, section 33(1)(a) mandates liquidation, and a pending application alleging fraudulent or malicious initiation does not automatically halt that consequence. Going-concern status requires ongoing business operations, personnel and revenue generation, rather than residual assets alone. A suspended board has no unconditional right to impleadment in liquidation proceedings governed by objective statutory conditions. Further resolution efforts remain within the CoC's commercial judgment, which appellate review cannot replace.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4891 
