Govt suspends initiation of corporate insolvency resolution process of corporate debtor for a further period of three months from 25.09.2020
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 24th September, 2020
S.O. 3265(E).—In exercise of the powers conferred by section 10A of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) [as inserted by section 2 of the Insolvency and Bankruptcy Code (Second Amendment) Act, 2020 (17 of 2020)], the Central Government hereby notifies further period of three months from the 25th September, 2020 for the purposes of the said section.
[F. No. 30/33/2020-Insolvency]
GYANESHWAR KUMARSINGH, Jt. Secy
Download Notification Click Here >>
- Under POCM, selling/Admin costs allowable despite no revenue declared – ITAT
- AO can’t use reverse computation using TDS amount for disallowance u/s 40(a)(ia)
- Once loans is repaid in subsequent years, addition u/s 68 cannot be made
- Viksit Bharat Guarantee for Rozgar & Ajeevika Mission-Gramin “VB-GRAM-G” notified
- In denovo assessment , AO to apply independent mind without influenced by remarks




