Upgrade to AI Search ✕

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
• Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
• Detailed report covering:
     - Overview Summary
     - Governing Provisions [Acts, Notifications, Circulars]
     - Relevant Case Laws
     - Tariff / Classification / HSN
     - Expert views from TaxTMI
     - Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Call Us / Help / Feedback✕

TMI Blog

Home /

Previous Next

Income Tax Proceedings Cannot Continue Against Dissolved Company Under IBC 2016 Section 238

X X X X Extracts X X X X

Full Text of the Document

X X X X Extracts X X X X

....The HC held that income tax proceedings against the dissolved company cannot continue, as the IBC 2016, under Section 238, overrides any inconsistent provisions of the Income-Tax Act. Income-tax dues, classified as Crown debts, do not have priority over secured creditors under insolvency proceedings. The appeals are adjourned sine die, with liberty granted to the parties to seek re-listing after the NCLT either approves a resolution plan or orders the company's winding up. The Court will then determine the viability of proceeding with the appeals.....

Previous Next

Contact Us At :

FAQs :

Most Asked Video Tutorials :

Submit Feedback/Suggestion :

Income Tax Proceedings Cannot Continue Against Dissolved Company Under IBC 2016 Section 238