Tax Guru6h
Post-IBC Resolution Reassessment Invalid for Patanjali: Supreme Court
The Supreme Court of India dismissed the appeal filed by the Principal Commissioner of Income Tax (Central) 4 against Patanjali Foods Ltd., effectively upholding the Bombay High Court’s judgment. The ...
Mid & Smallcap stocks reel under pressure, but resilient gainers defy market turmoil
Since the end of September, the Indian markets have witnessed a significant downturn, with the BSE MidCap and BSE SmallCap indices each declining by over 19%. However, 15 stocks in the BSE MidCap and ...
Tax Guru6h
Insolvency Resolution Plan Binds All Parties, Discharges Prior Tax Claims
The court emphasized the “clean slate” principle afforded to the new management of a company after a successful resolution under the IBC. This principle prevents the revival of old tax liabilities ...