The recent Supreme Court judgment in Kalyani Transco v. Bhushan Power & Steel Ltd. (26 September 2025) — a landmark decision under the Insolvency and Bankruptcy Code, 2016 (IBC) holds significant implications for...
Non-compliant Conversion of Private Limited Company to Limited Liability Partnership attracts Capital Gains
Recently, Income Tax Appellate Tribunal (ITAT) Mumbai in ISC Speciality Chemicals LLP held that the non-compliant conversion of a Company into an LLP attracts capital gains. Background Assessee, M/s ISC Specialty...
