As per the inserted section 10A, no application for initiation of corporate insolvency resolution process of a corporate debtor can be filed, for any default arising on or after 25th March, 2020 for a period of six months or such further period, not exceeding one year from such date, as may be notified in this behalf. Also, no application can ever be filed for initiation of corporate insolvency resolution process of a corporate debtor for the said default occurring during the above period. However, the provisions of section 10A shall not apply to any default committed under the said sections before 25th March, 2020.
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…
AO after dropping an issue in assessment u/s 143(3) for lack of evidence is competent to re-open such issue upon…
Merely because jewellery is converted into solid gold / gold biscuits, it cannot be presumed to be unexplained or in…
Assessee cannot be given a second innings to make good its case - ITAT declines to remand the case second…
When cash deposits represent business receipts, income to be estimated by applying a reasonable profit rate. In a recent judgment,…
Every resolution plan to include a statement of beneficial-ownership of all natural persons who ultimately owns or controls the resolution…