In the event an assessee company is in liquidation under the IBC, the Income-tax Department can no longer claim a priority in respect of clearance of tax dues of the said company, as provided u/s 178(2) & (3) of the Income Tax Act, 1961- Leo Edibles & Fats Ltd Vs. The Tax Recovery Officer (Central), Income Tax Department, Hyderabad, & others-Hyderabad High Court

In order to access this content you need to login to your account or in case you've already logged in, you may need to subscribe an iPlan, visit here for detail.
If you are still facing any issue in login, WhatsApp us : +91 9577994433 or Click here to WhatsApp us.