Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The Insolvency and Bankruptcy Board of India has officially withdrawn the requirement for Insolvency Professionals to submit Form IP-1 for assignments under the Insolvency and Bankruptcy Code, 2016, effective immediately. This follows the earlier mandate to report appointments via the Assignment Module on the IBBI electronic portal and the introduction of a revised forms framework (CP-1 to CP-5) for CIRP processes, which replaced Form IP-1 as of June 1, 2025. The withdrawal, exercised under section 196 of the IBC, streamlines reporting obligations for Insolvency Professionals across all IBC processes, including CIRP, liquidation, voluntary liquidation, and personal guarantor insolvency proceedings.
The Insolvency and Bankruptcy Board of India has officially withdrawn the requirement for Insolvency Professionals to submit Form IP-1 for assignments under the Insolvency and Bankruptcy Code, 2016, effective immediately. This follows the earlier mandate to report appointments via the Assignment Module on the IBBI electronic portal and the introduction of a revised forms framework (CP-1 to CP-5) for CIRP processes, which replaced Form IP-1 as of June 1, 2025. The withdrawal, exercised under section 196 of the IBC, streamlines reporting obligations for Insolvency Professionals across all IBC processes, including CIRP, liquidation, voluntary liquidation, and personal guarantor insolvency proceedings.
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TaxTMI 
TaxTMI 
