Case Law Details
Case Name : Murli Industries Limited. Vs ACIT (Bombay High Court)
Appeal Number : Writ Petition No. 2948 of 2021
Date of Judgement/Order : 31/12/2021
Related Assessment Year :
Courts :
All High Courts Bombay High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Murli Industries Limited. Vs ACIT (Bombay High Court)
IT Department cannot raise claims against the Corporate Debtor once the resolution plan is approved
The Hon’ble Bombay High Court in Murli Industries Limited vs. Assistant Commissioner of Income Tax & ors. [W.P. No. 2948 of 2021 and W.P. No. 2965 of 2021 dated December 23, 2021] held that the IT Department is not entitled to issue notice against the Corporate Debtor for unpaid tax claims after the approval of the resolution plan by the adjudicating authority.
Facts:
Murli Industries Limited (“the Petitioner” or “Corporate Debtor”) is engaged in the business of manufacture and sale of cement.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.