GOING CONCERN
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Outcome of tax disputes holds key to Xiaomi’s ops
Xiaomi Technology India's ability to continue as a going concern depends on the outcome of multiple regulatory and tax disputes and additional funds from the Chinese parent. However, the company doesn't see a threat "for the foreseeable future" based on legal opinions obtained and cash flow projections. Xiaomi has faced multiple investigations and legal proceedings launched by income tax authorities, the Directorate of Enforcement, and the customs department on matters such as alleged evasion of custom duty and irregularities in royalty payments.
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Outcome of tax disputes holds key to Xiaomi’s ops
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Dunzo’s auditor flagged issues with firm’s ‘going concern’ status
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Liquidation as "going concern" gains traction
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A company can run as a 'going concern' in liquidation: NCLAT
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Auditors raise 'going concern flags, greeted with 'revenge spending' projections
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Do companies impacted by COVID-19 remain a Going Concern?
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India lockdown Day 22: Businesses need to be creative to survive COVID-19 economic impact
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