Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
The Insolvency and Bankruptcy Board of India (IBBI) has directed all Registered Insolvency Professionals to upload specific judicial orders related to insolvency proceedings on their dashboard. This includes orders from NCLT/NCLAT such as admission, resolution plan approval, closure, stay, liquidation, dissolution, and final orders. For Supreme Court and High Court orders, all relevant orders must be uploaded, especially those involving IBBI/Ministry of Corporate Affairs or significant Code-related issues. IPs must upload these orders after downloading from official judicial websites, exercising caution. The directive is issued u/s 196 of the Code to enhance stakeholder facilitation in the IBC ecosystem.
The Insolvency and Bankruptcy Board of India (IBBI) has directed all Registered Insolvency Professionals to upload specific judicial orders related to insolvency proceedings on their dashboard. This includes orders from NCLT/NCLAT such as admission, resolution plan approval, closure, stay, liquidation, dissolution, and final orders. For Supreme Court and High Court orders, all relevant orders must be uploaded, especially those involving IBBI/Ministry of Corporate Affairs or significant Code-related issues. IPs must upload these orders after downloading from official judicial websites, exercising caution. The directive is issued u/s 196 of the Code to enhance stakeholder facilitation in the IBC ecosystem.
Note: It is a system-generated summary and is for quick reference only.
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