Whether the provisions of IBC 2016 would override the provisions of Income Tax Act, 1961 and Whether the Income Tax Department is entitled to recover dues for the period which precedes the date of approval of the Resolution Plan by the NCLT – Tata Steel Ltd. Vs. Deputy Commissioner of Income Tax – Delhi High Court
November 8, 2023
In this case, the issues before Hon’ble High Court are: (i) Whether the Income Tax Department is entitled to recover dues for the period which precedes the date of approval of the Resolution Plan by the NCLT. (ii) Whether the provisions of the IBC 2016 would override the provisions of the Income Tax Act, 1961. (iii) Should Successful Resolution Applicant take recourse to an alternate remedy, as provided under the Income Tax Act, 1961.