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Income Tax - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Recovery of Income tax demand with penalty against company ...

Case Laws     Income Tax

November 5, 2023

Recovery of Income tax demand with penalty against company dissolved - Conclusion of CIRP proceedings under IBC - Extinguishment of liability as per the approved resolution plan - Since the revenue failed to lodge its claims, the impugned demands raised by the revenue stand automatically extinguished. - HC

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