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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IBBI amended the Voluntary Liquidation Process Regulations introducing significant procedural changes. The amendment establishes a Corporate Voluntary Liquidation Account with a scheduled bank and implements a new structured filing system requiring liquidators to submit four distinct forms (VL1-VL4) with specific timelines. Liquidators must ensure accurate and complete filing, with penalties of Rs.500 per form per month for delays. The Board may refuse Authorization for Assignment for non-compliance, inaccurate filing, or delays. The amendment also revises Form G's table B format for tracking unclaimed dividends and undistributed proceeds, requiring detailed stakeholder information including tax implications. These changes enhance transparency and accountability in voluntary liquidation processes, effective from the gazette publication date.
IBBI amended the Voluntary Liquidation Process Regulations introducing significant procedural changes. The amendment establishes a Corporate Voluntary Liquidation Account with a scheduled bank and implements a new structured filing system requiring liquidators to submit four distinct forms (VL1-VL4) with specific timelines. Liquidators must ensure accurate and complete filing, with penalties of Rs.500 per form per month for delays. The Board may refuse Authorization for Assignment for non-compliance, inaccurate filing, or delays. The amendment also revises Form G's table B format for tracking unclaimed dividends and undistributed proceeds, requiring detailed stakeholder information including tax implications. These changes enhance transparency and accountability in voluntary liquidation processes, effective from the gazette publication date.
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