Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The circular issued by the Insolvency and Bankruptcy Board of India outlines the requirement for Insolvency Professionals (IPs) to file specific forms electronically to monitor voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016. These forms capture essential details of the voluntary liquidation procedure, such as corporate debtor information, meeting details, dissolution applications, unclaimed proceeds, and more. The purpose is to streamline reporting, enhance efficiency, and ensure compliance with legal obligations. IPs must file the forms within prescribed timelines to avoid penalties for non-compliance. Failure to file accurate and complete information may result in liabilities under the Code. The circular is issued under the authority of section 196 of the Insolvency and Bankruptcy Code, 2016.
The circular issued by the Insolvency and Bankruptcy Board of India outlines the requirement for Insolvency Professionals (IPs) to file specific forms electronically to monitor voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016. These forms capture essential details of the voluntary liquidation procedure, such as corporate debtor information, meeting details, dissolution applications, unclaimed proceeds, and more. The purpose is to streamline reporting, enhance efficiency, and ensure compliance with legal obligations. IPs must file the forms within prescribed timelines to avoid penalties for non-compliance. Failure to file accurate and complete information may result in liabilities under the Code. The circular is issued under the authority of section 196 of the Insolvency and Bankruptcy Code, 2016.
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