Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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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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