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...
IBBI has mandated that all Insolvency Professionals must exclusively use the Baanknet auction platform (formerly eBKray) for conducting liquidation asset sales where auction notices are issued on or after April 1, 2025. The circular, issued under Section 196(1) of the IBC, requires IPs to specify in auction notices that prospective bidders must submit eligibility documents under Section 29A of the Code and deposit EMDs through the platform. The January 2025 amendment to the Liquidation Process Regulations eliminated the requirement for liquidators to conduct pre-auction due diligence of bidders. The circular stipulates that ineligible bidders will forfeit their EMDs.
IBBI has mandated that all Insolvency Professionals must exclusively use the Baanknet auction platform (formerly eBKray) for conducting liquidation asset sales where auction notices are issued on or after April 1, 2025. The circular, issued under Section 196(1) of the IBC, requires IPs to specify in auction notices that prospective bidders must submit eligibility documents under Section 29A of the Code and deposit EMDs through the platform. The January 2025 amendment to the Liquidation Process Regulations eliminated the requirement for liquidators to conduct pre-auction due diligence of bidders. The circular stipulates that ineligible bidders will forfeit their EMDs.
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