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IBC - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

CIRP process - Permission sought from this Bench for carrying ...


Income Tax Department Allowed to Assess 2013-2020 During CIRP; Can File Claims as Operational Creditor.

October 12, 2020

Case Laws     Insolvency and Bankruptcy     Tri

CIRP process - Permission sought from this Bench for carrying out the assessment proceedings for the assessment years A.Y. 2013-14 to A.Y. 2019-20 - the prayer of the Income Tax Department is accepted to the extent of only doing assessment for the AY 2013-14 to 2019-20. - The IT Department may file their claim, if any, as an Operational Creditor with the Resolution Professional of the Corporate Debtor in time - Tri

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