Resources

Shilpi Vashistha & Neena Sharma In a recent order of the Mumbai Income tax Appellate Tribunal (‘ITAT’) in the case of Assistant Commissioner of Income tax- 19(1), Mumbai Vs. M/s Celerity Power LLP (ITA No. 3637/Mum/ 2015), the ITAT has held that conversion of private limited company into Limited liability partnership (‘LLP’) would be treated …

Conversion of private limited company into limited liability company – recent order of Mumbai Tax Tribunal in the case of M/s Celerity Power LLP to open pandora’s box? Read More »

Vinesh Kriplani and Rohan Umranikar, Chartered Accountants, analyse the intricacies of slump exchange transactions in the wake of recent judicial precedents.

Abheet Sachdeva & Amol Khanna While the debate on the effect of the IBC, the role of Regulator/ Government, locus standi of promoters, and the shape of the new normal of business environment in the country following implementation of IBC, is yet to find a common ground, IBC has taken-off leaving some of the largest …

IBC: Need for a ‘Resolution Plan’ for Tax implications? Read More »