Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Amendments to Accounting Standard (AS) 22 introduce Pillar Two legislation and require that enterprises do not recognise or disclose deferred tax assets or liabilities arising from Pillar Two income taxes; instead enterprises must disclose application of that exception and separately disclose current tax expense (income) related to Pillar Two. Where Pillar Two legislation is enacted or substantively enacted but not yet effective, enterprises must disclose known or reasonably estimable qualitative and quantitative exposure information (including indicative ranges), subject to an exemption for Small and Medium-sized Companies. Paragraphs 2A and 32A apply retrospectively; 32B-32D apply for annual periods beginning on or after 1 April 2025.
Amendments to Accounting Standard (AS) 22 introduce Pillar Two legislation and require that enterprises do not recognise or disclose deferred tax assets or liabilities arising from Pillar Two income taxes; instead enterprises must disclose application of that exception and separately disclose current tax expense (income) related to Pillar Two. Where Pillar Two legislation is enacted or substantively enacted but not yet effective, enterprises must disclose known or reasonably estimable qualitative and quantitative exposure information (including indicative ranges), subject to an exemption for Small and Medium-sized Companies. Paragraphs 2A and 32A apply retrospectively; 32B-32D apply for annual periods beginning on or after 1 April 2025.
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