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...
The IBBI promulgated the Fifth Amendment Regulations, 2025, amending the Insolvency Resolution Process for Corporate Persons Regulations, 2016. Key modifications include mandating disclosure of all identified avoidance transactions and fraudulent or wrongful trading details in the information memorandum and subsequent filings before the Adjudicating Authority. Resolution plans must not assign avoidance transactions or fraudulent trading liabilities unless disclosed to prospective resolution applicants prior to the submission deadline. These amendments apply prospectively, excluding resolution plans submitted before the commencement date of the Fifth Amendment. This regulatory update enhances transparency and accountability in insolvency resolution processes under the IBC framework.
The IBBI promulgated the Fifth Amendment Regulations, 2025, amending the Insolvency Resolution Process for Corporate Persons Regulations, 2016. Key modifications include mandating disclosure of all identified avoidance transactions and fraudulent or wrongful trading details in the information memorandum and subsequent filings before the Adjudicating Authority. Resolution plans must not assign avoidance transactions or fraudulent trading liabilities unless disclosed to prospective resolution applicants prior to the submission deadline. These amendments apply prospectively, excluding resolution plans submitted before the commencement date of the Fifth Amendment. This regulatory update enhances transparency and accountability in insolvency resolution processes under the IBC framework.
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