December 2022

Issue Description

• Case Law: CIT vs M/s. Mansukh Dyeing and Printing Mills [TS-904-SC-2022]
• Case Law: ACIT vs Anitha Kumaran 1164/Chny/2019
• Acquisition: RHI Magnesita Persistence for Growth: Acquires Refractory Business of Dalmia Bharat Refractories
• Insolvency: Can Look Back Period be extended for Preferential, Undervalued, Fraudulent and Extortionate Transactions under Insolvency and Bankruptcy Code (IBC)?
• Cover Article: Demerger of Financial Services Arm of Reliance Industries ahead of Telecommunication & Retail Arm
• Others: M&A Digest