Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Amends the Pre Pack regulations to redefine "fair value" as the estimated realizable value of the corporate debtor or its assets on the insolvency commencement date, computed after marketing and including tangible, intangible assets and underlying synergies. Requires appointment of two sets of registered valuers, each set comprising one valuer per asset class with a coordinating valuer. Prescribes a process: valuers to explain methodology to the committee, conduct physical verification, submit asset level fair and liquidation values to coordinating valuers, which compute set fair values considering synergies; the fair value of the corporate debtor is the average of the two coordinating valuer estimates and liquidation value is the asset class averages. Valuation reports must follow Board notified formats.
Amends the Pre Pack regulations to redefine "fair value" as the estimated realizable value of the corporate debtor or its assets on the insolvency commencement date, computed after marketing and including tangible, intangible assets and underlying synergies. Requires appointment of two sets of registered valuers, each set comprising one valuer per asset class with a coordinating valuer. Prescribes a process: valuers to explain methodology to the committee, conduct physical verification, submit asset level fair and liquidation values to coordinating valuers, which compute set fair values considering synergies; the fair value of the corporate debtor is the average of the two coordinating valuer estimates and liquidation value is the asset class averages. Valuation reports must follow Board notified formats.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
