Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Insolvency and BankruptcyOctober 27, 2022Case LawsAT
CIRP - Removal of the Leasehold Land from the pull of Assets of the Corporate Debtor - right to terminate the Lease Deed - the Appellant has never initiated any proceedings or chosen to exercise their rights to invoke any of the Clauses of the Lease Deed for cancellation of the subject Deed - the Leasehold Right is an Intangible Asset of the Corporate Debtor and that the Resolution Professional is empowered under Section 18(f) of the Code to take control and custody of any Asset over which the ‘Corporate Debtor’ has the Ownership Right. - AT
CIRP - Removal of the Leasehold Land from the pull of Assets of the Corporate Debtor - right to terminate the Lease Deed - the Appellant has never initiated any proceedings or chosen to exercise their rights to invoke any of the Clauses of the Lease Deed for cancellation of the subject Deed - the Leasehold Right is an Intangible Asset of the Corporate Debtor and that the Resolution Professional is empowered under Section 18(f) of the Code to take control and custody of any Asset over which the ‘Corporate Debtor’ has the Ownership Right. - AT
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TaxTMI 
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