State Authorities and Tax Departments cannot challenge Resolution Plan: ITAT [Read Order]

State Authorities - Tax Depts - Resolution Plan - ITAT - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the State authorities and the direct and indirect tax departments cannot question the resolution plan as per section 31 of the Insolvency and Bankruptcy Code, 2016. The department approached the Tribunal against the order of the CIT(A) wherein the assessee was granted…

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