21 November 2022


Telangana HC: Scrutiny By IT Department Barred For The Period Covered By The Resolution Plan - 28.01.2022

Telangana High Court has observed that for the period covered by the Resolution Plan, Income Tax Department cannot carry out any scrutiny or assessment in respect of the Corporate Debtor regarding carry forward of losses and set off against future profits under Income Tax Act, 1961.

Tags : Income Tax Act Insolvency and Bankruptcy Code Corporate Debtor Financial Creditor

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