https://www.taxtmi.com/article/detailed?id=9734 The dispute concerns whether tax deduction at source on sale of a corporate debtor's assets and the Income Tax Act's filing obligations for liquidators conflict with the insolvency waterfall. IBBI liquidation regulations do not require profit and loss statements or income tax returns during liquidation. The appellate analysis resolved inconsistency by treating the insolvency priority provision as overriding the tax deduction mechanism and observed that no duty is imposed on the liquidator to file income tax returns for claiming TDS refunds. en-us Sat, 03 Apr 2021 08:46:28 +0530 Sat, 03 Apr 2021 08:46:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9734 The dispute concerns whether tax deduction at source on sale of a corporate debtor's assets and the Income Tax Act's filing obligations for liquidators conflict with the insolvency waterfall. IBBI liquidation regulations do not require profit and loss statements or income tax returns during liquidation. The appellate analysis resolved inconsistency by treating the insolvency priority provision as overriding the tax deduction mechanism and observed that no duty is imposed on the liquidator to file income tax returns for claiming TDS refunds. Articles Income Tax Sat, 03 Apr 2021 08:46:28 +0530 https://www.taxtmi.com/article/detailed?id=9734