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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

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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