2018 (8) TMI 1775 - SCH - Income Tax

Income tax dues - priority to debts to be discharged - section 238 of the Insolvency and Bankruptcy Code, 2016 - Held that:- Section 238 of the Insolvency and Bankruptcy Code, 2016, it is obvious that the Code will override anything inconsistent contained in any other enactment, including the Income-Tax Act - it is held in the case of Dena Bank vs. Bhikhabhai Prabhudas Parekh and Co. & Ors. [2000 (4) TMI 36 - SUPREME COURT] and its progeny, making it clear that income-tax dues, being in the nature of Crown debts, do not take precedence even over secured creditors, who are private persons.

SLP dismissed.