The Insolvency and Bankruptcy Code (IBC), introduced in 2016, has transformed India’s approach to corporate distress. Among its many provisions, Section 12A allowed insolvency proceedings to be ...

The circular resolves confusion between CPC Bengaluru and jurisdictional authorities regarding condonation powers. It clearly assigns this power to the jurisdictional PCIT/CIT. This ensures that ...

The National Company Law Tribunal (NCLT), New Delhi Bench, has permitted the withdrawal of corporate insolvency resolution proceedings (CIRP) initiated against ATS Heights Private Limited, the ...

Income Tax Department issues notices to trusts and associations over "commercial receipts", questioning tax-exempt status ...