Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off in full in terms of Resolution Plan as approved by NCLT: ITAT [Read Order]

By Taxscan Team - On August 26, 2022 9:11 pm - 2 mins read

Liabilities - Central - State Government - acquisition - resolution plan - NCLT - ITAT - taxscan

Income Tax Appellate Tribunal (ITAT), New Delhi bench consisting of NK Billaiya, Accountant Member and Yogesh Kumar US, Judicial Member held that liabilities payable to Central or State Government in any period or prior to acquisition will be written off in full in terms of resolution plan as approved by National Company Law Tribunal (NCLT)….

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

Topics