The IIAC Regulations are surely a leap forward towards facilitating dispute resolution for MSMEs.

It becomes imperative to align the tax regime regulating MSMEs to promote more sustainable and profitable growth.

Hari Babu ruling gives scope for abuse of Section 29A by allowing backdoor entry of promoters.

It is important that the law laid down in the case of Hari Babu Thota be reviewed.

The author analyses the possible reasons for the low rate of initiation under the pre-pack framework.