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Amendment to IBBI Fast Track Insolvency Resolution Process for Corporate Persons Regulations 2017

Recent Posts

  • Income Tax

Notice u/s 148 set-aside as assessee’s e-mail was inactive and notices went un-noticed

Notice u/s 148 set-aside and remitted back since the assessee’s e-mail was inactive leading to all notices go un-noticed In…

7 hours ago
  • Income Tax

AO after dropping an issue for lack of evidence may re-open it on gathering information

AO after dropping an issue in assessment u/s 143(3) for lack of evidence is competent to re-open such issue upon…

8 hours ago
  • Income Tax

Jewellery converted into solid gold not unexplained or in excess of permissible limit

Merely because jewellery is converted into solid gold / gold biscuits, it cannot be presumed to be unexplained or in…

1 day ago
  • Income Tax

A luxury litigant assessee cannot be given a second innings to make good its case – ITAT

Assessee cannot be given a second innings to make good its case - ITAT declines to remand the case second…

1 day ago
  • Income Tax

20% profit rate appropriate on cash deposit in bank representing business receipts – ITAT

When cash deposits represent business receipts, income to be estimated by applying a reasonable profit rate. In a recent judgment,…

1 day ago
  • bankruptcy

Resolution plan to include a statement of beneficial-ownership of all natural persons

Every resolution plan to include a statement of beneficial-ownership of all natural persons who ultimately owns or controls the resolution…

2 days ago