IT Department cannot raise claims against the Corporate Debtor once the resolution plan is approved
Last updated: 30 January 2022
Court :
Bombay High Court
Brief :
The Hon'ble Bombay High Court in Murli Industries Limited vs. Assistant Commissioner of Income Tax & ors. [W.P. No. 2948 of 2021 and W.P. No. 2965 of 2021 dated December 23, 2021] held that the IT Department is not entitled to issue notice against the Corporate Debtor for unpaid tax claims after the approval of the resolution plan by the adjudicating authority.
Citation :
W.P. No. 2948 of 2021 and W.P. No. 2965 of 2021 dated December 23, 2021
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Bimal Jain
Published in Income Tax
Views : 293
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