Appeal Filed by revenue after IBC Moratorium Period is not Maintainable

DCIT Vs Thiru Arooran Sugars Ltd. (ITAT Chennai)

The fact with regard to liquidation of company by a final order of the Hon’ble NCLT dated 04.2021 is not disputed by the Revenue. Further, it is an admitted fact that in terms of sec.238 of the Insolvency & bankruptcy Code (in short “I & B Code”) r.w.s. 178 of the Act, the provisions of the code have an overriding effect overall other central & state statutes and this legal position has been upheld by the Hon’ble Supreme Court in the case of PCIT v. Monnet Ispat and Energy Ltd., in

Please become a Premium member. If you are already a Premium member, login here to access the full content.