Retrospective application of beneficial circulars upheld, binding officers and granting post adjudication relief where adjudication occurred after cir...
Admissibility of Investigation Statements requires witness examination before the adjudicating authority; otherwise statements cannot sustain a penalt...
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...
Valuations conducted under the Insolvency and Bankruptcy Code are to follow the International Valuation Standards, as issued and updated by the IVSC, for corporate insolvency resolution, liquidation, voluntary liquidation, pre-packaged insolvency resolution, and personal guarantor bankruptcy processes. The circular makes these standards applicable for all valuations under the Code and regulations made thereunder, with effect from the date of issue and until further orders, to support transparent, objective, and credible asset valuation in insolvency proceedings.
Valuations conducted under the Insolvency and Bankruptcy Code are to follow the International Valuation Standards, as issued and updated by the IVSC, for corporate insolvency resolution, liquidation, voluntary liquidation, pre-packaged insolvency resolution, and personal guarantor bankruptcy processes. The circular makes these standards applicable for all valuations under the Code and regulations made thereunder, with effect from the date of issue and until further orders, to support transparent, objective, and credible asset valuation in insolvency proceedings.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
