Wednesday, January 29, 2020

Appeal filed by revenue authorities would be discontinued if moratorium under IBC had been declared

INCOME TAX: Where an application filed under section 7 of Insolvency and Bankruptcy Code, 2016, against assessee-company had been admitted and moratorium under section 14 of 2016 code, had been declared, appeal filed by revenue against assessee under provisions of Act, could not be allowed to be continued during course of moratorium period

from www.taxmann.com Latest Case Laws https://ift.tt/2GAeHpj

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...