Income Tax claims not included in approved Resolution Plan of IBC are recoverable: ITAT [Read Order]

Income Tax claim - Resolution Plan - IBC - ITAT - taxscan

The Income Tax Appellate Tribunal, Ahmedabad bench held that income tax claim not included in approved resolution plan of IBC is recoverable. The assessee engaged in the business of manufacturing and trading in MS ingots and alloy steel ingots for which filed a return of income declaring a loss of (-) Rs.1,76,02,459/-.  The AO disallowed…

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