Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
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.
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