News Update

I-T - High Court need not delve into merits of issue involving transfer pricing adjustment due to factual nature of such exercise: HCOmicron hop-scotches to 50 countries; detected in 16 States in US + Germany warns against travel over winter holidaysI-T - Where complainant is a public servant, period of limitation for filling application against acquittal order is six months and in every other case it is 60 days u/s 378(5) of the Cr. P.C : HCCOVID-19: India reports 2800 deaths with 9000 fresh cases on SundayI-T- Re-issuance of notice already issued by AO having jurisdiction u/s 143(2) and now subsequently transferred to another AO is not required :ITATBiden’s new tax deduction proposal to cost USD 275 bn revenue in next 5 yrsI-T- When AO completed assessment u/s 143(3) making certain addition in respect of unexplained investment he can't reopen the assessment for enhancement of addition merely on basis of report of DVO : ITATOmicron - Initial inputs on severity are quite ‘encouraging’, says Dr Anthony FauciI-T- Revisional proceedings are not rightly held as cash receipts on account of sales cannot be doubted if the assessee has sufficient stock : ITATKarnataka makes both does of vaccine mandatory for visiting malls & cinema hallsGST - 'Baby wipes' are correctly classifiable under heading 3307 and attract GST @18%: AAROmicron may wreck economic recovery ship: IMF ChiefGST - Tax credit of GST paid on leasing of land is not available: AARKerala issues gag order for medical officers interacting with media; formal nod to be obtainedGST - Healthcare service (diamond plan) provided for 20 years for patient and his family members upon payment of lump-sum amount of Rs.10 lakhs is exempted: AARCOVID-19 related restrictions: Protesters pelt stones & firecrackers at police; Earn teargas & water cannons in return in BrusselsGST - Aorom Herbal Smokes are not 'medicaments'' [HSN 3004] but Cigarettes of Tobacco substitutes, classifiable under HSN 2402 9010 and attract GST @28% and Compensation Cess of Rs.4006/- per thousand: AARPortuguese Govt dissolves Parliament; Polls on Jan 30ST - The Tribunal is not empowered to entertain the appeal filed against grant of refund/rebate of Swachh Bharat Cess (SBC) and Krishi Kalyan Cess (KKC) amount: CESTAT
 
IBBI organises 'Train the Trainer' event

By TIOL News Service

NEW DELHI, OCT 24, 2021: THE Insolvency and Bankruptcy Board of India (IBBI), in association with the Foreign Commonwealth and Development Office, UK (FCDO), organised a two day ''Train the Trainer'' event on “Usage of Alternate Dispute Resolution Techniques to aid the Insolvency Resolution Process”. The event was conducted on 22nd and 23rd October, 2021, in online mode.

The “Train the Trainer” programme focused on capacity building and development of the insolvency framework in India to the next level. As part of the initiative, participants were provided with in-depth practical training and extensively covered the areas related to changing the way to look at disputes, efficacy of mediation techniques and merits of soft evaluation etc. The initiative is expected to upgrade the skill sets of the participants to enable them to in turn, act as trainers for Insolvency Professionals and other stakeholders, for further strengthening of the insolvency ecosystem in India.

Dr. (Ms.) Mukulita Vijayawargiya, Whole Time Member, IBBI in her inaugural address, highlighted the advantages of Alternate Dispute Resolution (ADR) Techniques vis-à-vis litigation and discussed various aspects of the insolvency law where ADR techniques may be utilised for better and swifter outcomes. As part of the event, Ms. Shikha Parekh, Senior Financial Policy Advisor at the British Deputy High Commission delivered the welcome address and emphasized that IBBI- FCDO partnership has been time tested and growing strong with time.

Forty-five Insolvency professionals, nominated by their respective Insolvency Professional Agencies, participated in the programme. The programme envisages a set of few more similar sessions on emerging issues in the insolvency landscape in future.

The eminent faculty included Mr. Andrew Miller (QC, United Kingdom), Mr. Stefano Cardinale (Italy), Mr. Anuroop Omkar (Bridge Policy Think Tank) and Ms. Kritika Krishnamurthy (Bridge Policy Think Tank).


POST YOUR COMMENTS