IBC proceedings cannot dilute rights of the IT department to reopen assessment
Last updated: 04 July 2022
Court :
Madras High Court
Brief :
THE MADRAS HIGH COURT has ruled that proceedings under the Insolvency and Bankruptcy Code (IBC), 2016 cannot dilute the rights of the Income Tax Department to reopen the assessment under Section 148 of the Income Tax Act, 1961.
Citation :
M/s. Dishnet Wireless Limited Vs the Assistant Commissioner of Income Tax (OSD)-Hon’ble Madras High Court Dated: 17.06.2022
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FCS Deepak Pratap Singh
Published in Income Tax
Views : 571
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