Income Tax Appeal not Maintainable during the course of IBC Proceedings: ITAT [Read Order]

The Hyderabad bench of the Income Tax Appellate Tribunal(ITAT) has held that an Income tax appeal is not maintainable during Insolvency and Bankruptcy Code (IBC), 2016. The assessee, Gayatri Projects Limited challenged the orders passed by the Commissioner of Income Tax (Appeals)-4, Hyderabad. The Corporate Insolvency Resolution Proceedings (CIRP) were pending against the assessee. The…