Treatment of Capital Gains Tax during liquidation process
Quick Summary
Court :
NCLT
Brief :
One important aspect which escaped the attention of the Ld. Liquidator & the bench is that there is no provision in the Code for consideration of claim of any party including govt. dues, falling due after the liquidation commencement date. Liquidator can only consider the claims as on the date of commencement of Liquidation.
Citation :
M/s Shree Ram Lime Products Pvt. Ltd. Vs. Gee Ispat Pvt. Ltd
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FCS Deepak Pratap Singh
Published in Income Tax
Views : 229
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