Company becomes Non-Existent on completion of Liquidation Process: ITAT upholds Overriding effect of IBC over Income Tax Proceedings [Read Order]

Company - completion - Liquidation - ITAT - IBC - Income Tax - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) while quashing the income tax proceedings, held that since the Insolvency and Bankruptcy Code has overriding effect over the income tax proceedings, the department cannot have any claim since the company becomes non-existent once the liquidation process is completing. The assessment against the Company, M/s…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader