Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restriction...
IBBI revises and replaces the liquidation monitoring forms, prescribing four electronic filings (LIQ 1-LIQ 4) covering (i) commencement to public announcement, (ii) quarterly progress reporting, (iii) last progress report to dissolution/closure application, and (iv) dissolution/closure application to disposal order, each subject to specified submission timelines; existing forms are discontinued from 1 January 2026, with LIQ-2 available from February 2026, and all subsequent filings must be made in the revised forms by the liquidator in office as on the last day of the preceding month. A portal-based form-modification utility is enabled for correcting filed forms through OTP authentication, and modifications made by the due date do not attract any fee under Regulation 47B; delayed filings during January-March 2026 are not penalised.
IBBI revises and replaces the liquidation monitoring forms, prescribing four electronic filings (LIQ 1-LIQ 4) covering (i) commencement to public announcement, (ii) quarterly progress reporting, (iii) last progress report to dissolution/closure application, and (iv) dissolution/closure application to disposal order, each subject to specified submission timelines; existing forms are discontinued from 1 January 2026, with LIQ-2 available from February 2026, and all subsequent filings must be made in the revised forms by the liquidator in office as on the last day of the preceding month. A portal-based form-modification utility is enabled for correcting filed forms through OTP authentication, and modifications made by the due date do not attract any fee under Regulation 47B; delayed filings during January-March 2026 are not penalised.
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