https://www.taxtmi.com/caselaws?id=440652 The judgment emphasized the overriding effect of section 238 of the Insolvency and Bankruptcy Code, 2016 on statutes like the Income-tax Act. It was held that the Code prevails over inconsistent enactments, including tax laws. Consequently, the appeals were withdrawn by the assessee as section 238 rendered them infructuous. Additionally, the National Company Law Tribunal appointed an Insolvency Resolution Professional, leading to the dismissal of appeals against the orders of the ld. CIT (A) for the respective assessment years. en-us Wed, 19 Jul 2023 00:00:00 +0530 Sun, 23 Jul 2023 22:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440652 The judgment emphasized the overriding effect of section 238 of the Insolvency and Bankruptcy Code, 2016 on statutes like the Income-tax Act. It was held that the Code prevails over inconsistent enactments, including tax laws. Consequently, the appeals were withdrawn by the assessee as section 238 rendered them infructuous. Additionally, the National Company Law Tribunal appointed an Insolvency Resolution Professional, leading to the dismissal of appeals against the orders of the ld. CIT (A) for the respective assessment years. Case-Laws Income Tax Wed, 19 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440652