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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

CIRP - Demand of income tax - Validity of order of Commissioner ...


Commissioner of Income Tax Order Challenged; Insolvency Proceedings Require Interim Resolution Professional to Handle Litigation u/s 250.

December 30, 2022

Case Laws     Income Tax     AT

CIRP - Demand of income tax - Validity of order of Commissioner of Income Tax (appeals) passed u/s 250 - Once the insolvency proceedings commenced under the Code, all the litigations are to be pursued by Interim Resolution Professional appointed by the Committee of Creditors. In view of the above, we are of the considered view that the present cross-appeals, in the current form, are not maintainable. - AT

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