Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
IBBI mandates Insolvency Professionals (IPs) to register all appointments through its electronic portal across multiple insolvency processes including CIRP, liquidation, voluntary liquidation, personal guarantor insolvency, and financial service provider proceedings. New assignments must be registered within 3 days of appointment. For ongoing cases predating this circular, registration deadline is February 28, 2025. Closed cases must be registered by March 31, 2025, with personal guarantor cases extended to April 30, 2025. The directive streamlines compliance monitoring and standardizes assignment tracking through a centralized portal system. IPs must use IBBI-provided credentials to access the portal and complete subsequent regulatory filings including public announcements, EOIs, and auction notices.
IBBI mandates Insolvency Professionals (IPs) to register all appointments through its electronic portal across multiple insolvency processes including CIRP, liquidation, voluntary liquidation, personal guarantor insolvency, and financial service provider proceedings. New assignments must be registered within 3 days of appointment. For ongoing cases predating this circular, registration deadline is February 28, 2025. Closed cases must be registered by March 31, 2025, with personal guarantor cases extended to April 30, 2025. The directive streamlines compliance monitoring and standardizes assignment tracking through a centralized portal system. IPs must use IBBI-provided credentials to access the portal and complete subsequent regulatory filings including public announcements, EOIs, and auction notices.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
