Tax arrear claims in insolvency proceedings must be lodged promptly via IBBI to preserve revenue recovery rights. Directs Assessing Officers to identify corporates under IBC 2016 from the PAN Directory and IBBI public announcements, obtain Insolvency Professional/Liquidator contact details, and promptly lodge tax arrear claims with proof using the prescribed forms (Form B/Form C), submitting them by email or speed post; AOs must monitor IBBI updates and official email notifications, and give priority to cases with significant outstanding demands or those recommended for liquidation.
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.
Tax arrear claims in insolvency proceedings must be lodged promptly via IBBI to preserve revenue recovery rights.
Directs Assessing Officers to identify corporates under IBC 2016 from the PAN Directory and IBBI public announcements, obtain Insolvency Professional/Liquidator contact details, and promptly lodge tax arrear claims with proof using the prescribed forms (Form B/Form C), submitting them by email or speed post; AOs must monitor IBBI updates and official email notifications, and give priority to cases with significant outstanding demands or those recommended for liquidation.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
