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Income Tax - Highlights / Catch Notes

Home Highlights July 2023 Year 2023 This

Recovery of income tax dues - Assessee Company under CIRP ...

Income Tax

July 24, 2023

Recovery of income tax dues - Assessee Company under CIRP processings - Supremacy of IBC over all other Central and State statutes including Income-tax Act - Apex court has held that, Given 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. - AT

 

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