https://www.taxtmi.com/caselaws?id=798755 Section 14 of the Insolvency and Bankruptcy Code bars the institution or continuation of proceedings against a corporate debtor once the corporate insolvency resolution process begins. Section 238 gives the Code overriding effect over inconsistent laws. Accordingly, revisional proceedings under section 263 of the Income-tax Act cannot continue during the moratorium, and a revisional order issued in that period is unsustainable. Such proceedings may be revived and reframed after the moratorium ends, if otherwise permitted by law. en-us Tue, 08 Sep 2026 00:00:00 +0530 Fri, 11 Sep 2026 08:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798755 Section 14 of the Insolvency and Bankruptcy Code bars the institution or continuation of proceedings against a corporate debtor once the corporate insolvency resolution process begins. Section 238 gives the Code overriding effect over inconsistent laws. Accordingly, revisional proceedings under section 263 of the Income-tax Act cannot continue during the moratorium, and a revisional order issued in that period is unsustainable. Such proceedings may be revived and reframed after the moratorium ends, if otherwise permitted by law. Case-Laws Income Tax Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798755