If any amount is required to be payable to the Income-tax ...
Income-Tax Department Recognized as Creditor, Can Object to Claims Against Transferor Company Under Tax Obligations.
September 5, 2012
Case Laws Income Tax HC
If any amount is required to be payable to the Income-tax Department by the transferor company, the Income-tax Department can be said to be a creditor so far as its claim against the transferor company is concerned. Considering the same, it cannot be said that the Income-tax Department has no locus to put forward its objections in this behalf. - HC
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