Commissioner of Income Tax Order Challenged; Insolvency Proceedings Require Interim Resolution Professional to Handle Litigation u/s 250.

Commissioner of Income Tax Order Challenged; Insolvency Proceedings Require Interim Resolution Professional to Handle Litigation u/s 250. https://www.taxtmi.com/highlights?id=67412 CIRP - Demand of income tax - Validity of order of Commissioner of Income Tax (appeals) passed u/s 250 - Once the insolvency proceedings commenced under the Code, all the litigations are to be pursued by Interim Resolution Professional appointed by the Committee of Creditors. In view of the above, we are of the considered view that the present cross-appeals, in the current form, are not maintainable. - AT en-us Fri, 30 Dec 2022 14:18:44 +0530 Fri, 30 Dec 2022 14:21:57 +0530 TaxTMI RSS Generator Commissioner of Income Tax Order Challenged; Insolvency Proceedings Require Interim Resolution Professional to Handle Litigation u/s 250. https://www.taxtmi.com/highlights?id=67412 CIRP - Demand of income tax - Validity of order of Commissioner of Income Tax (appeals) passed u/s 250 - Once the insolvency proceedings commenced under the Code, all the litigations are to be pursued by Interim Resolution Professional appointed by the Committee of Creditors. In view of the above, we are of the considered view that the present cross-appeals, in the current form, are not maintainable. - AT Highlights Income Tax Fri, 30 Dec 2022 14:18:44 +0530 https://www.taxtmi.com/highlights?id=67412