Exception for Insolvency and Bankruptcy Code limits application of Income-tax Act provision, preserving IBC supremacy in insolvency matters. An amendment inserts an explicit exclusion into subsection (6) of the identified Income-tax Act provision, specifying that the words 'except the provisions of the Insolvency and Bankruptcy Code, 2016' shall be inserted, thereby excluding IBC provisions from the application of that income tax provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exception for Insolvency and Bankruptcy Code limits application of Income-tax Act provision, preserving IBC supremacy in insolvency matters.
An amendment inserts an explicit exclusion into subsection (6) of the identified Income-tax Act provision, specifying that the words "except the provisions of the Insolvency and Bankruptcy Code, 2016" shall be inserted, thereby excluding IBC provisions from the application of that income tax provision.
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