https://www.taxtmi.com/caselaws?id=399473 The NCLT granted the Deputy Director of Income Tax permission to conduct assessment proceedings for A.Y. 2013-14 to A.Y. 2019-20 against the Corporate Debtor, despite the CIRP moratorium under the IBC. The Tribunal emphasized the necessity of prior permission for further proceedings and directed the Resolution Professional to cooperate. The Income Tax Department was allowed to file claims as an Operational Creditor. The application was disposed of, balancing tax assessment needs with CIRP requirements, ensuring legal compliance and cooperation. en-us Wed, 27 May 2020 00:00:00 +0530 Thu, 07 Nov 2024 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399473 The NCLT granted the Deputy Director of Income Tax permission to conduct assessment proceedings for A.Y. 2013-14 to A.Y. 2019-20 against the Corporate Debtor, despite the CIRP moratorium under the IBC. The Tribunal emphasized the necessity of prior permission for further proceedings and directed the Resolution Professional to cooperate. The Income Tax Department was allowed to file claims as an Operational Creditor. The application was disposed of, balancing tax assessment needs with CIRP requirements, ensuring legal compliance and cooperation. Case-Laws IBC Wed, 27 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399473