Donor-directed corpus contributions retain capital character despite exemption claims under section 10(23C)(vi), preventing their treatment as taxable...
Enhanced tax-audit threshold applies where banking records establish compliant non-cash receipts and payments, eliminating penalty exposure for audit ...
Transfer pricing consistency protects identical non-interest-bearing debenture terms from a later notional-interest adjustment without valid statutory...
Rectification of debatable deduction claims cannot reverse scrutiny-approved co-operative society interest income deductions as apparent record errors...
Cash-method accounting bars presumptive interest taxation, while unsupported securities and share-trading additions require reliable material and veri...
The Insolvency and Bankruptcy Board of India (IBBI) has extended the deadline for liquidators to file forms related to liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and its regulations until December 31, 2024. The previous deadlines of September 30, 2024, and November 30, 2024, were extended due to representations from liquidators and Insolvency Professional Agencies citing technical issues and difficulties in form submission. For ongoing cases, the responsibility for filing forms lies with the Insolvency Professionals currently handling the process. In cases where an application for closure or dissolution has been filed or an order has been passed, the Insolvency Professional under whose tenure the application was filed or the order was passed is responsible for filing all forms related to that case.
The Insolvency and Bankruptcy Board of India (IBBI) has extended the deadline for liquidators to file forms related to liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016, and its regulations until December 31, 2024. The previous deadlines of September 30, 2024, and November 30, 2024, were extended due to representations from liquidators and Insolvency Professional Agencies citing technical issues and difficulties in form submission. For ongoing cases, the responsibility for filing forms lies with the Insolvency Professionals currently handling the process. In cases where an application for closure or dissolution has been filed or an order has been passed, the Insolvency Professional under whose tenure the application was filed or the order was passed is responsible for filing all forms related to that case.
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