In the case of Deccan Chronicle Holdings Limited, the Hyderabad bench of the Income Tax Appellate Tribunal(ITAT) has held that statutory dues and claims stand frozen after approval of the resolution plan by Insolvency and Bankruptcy Code (IBC), 2016. Shri S.Rama Rao appeared for the assessee and Shri Y.V.S.T. Sai appeared for the revenue. Both…
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