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1 - 7 of 7 (0.23 seconds)The Income Tax Act, 1961
Acit, Central Circle-3, New Delhi, New ... vs Bhushan Steel Ltd., New Delhi on 11 March, 2021
6.1 A Co-ordinate Bench in ITA No.1493/Del/2018 titled as M/s.
Bhushan Steel Ltd. vs. ACIT vide order dated 08.01.2025 has held
that "8. Learned Departmental Representative for the Revenue could
Ghanashyam Mishra And Sons Private ... vs Edelweiss Asset Reconstruction ... on 13 April, 2021
At this juncture, we refer to the decision of
Hon'ble Supreme Court in the case of Ghanshyam Manz Retails Pvt.
Ltd. Mishra and Sons Pvt. Ltd. Vs. Edelweiss Asset Reconstruction
Co. Ltd. reported in (2021) 126 Taxmann.com 132 wherein the
Hon'ble Supreme Court has considered a situation wherein, the
resolution plan was approved by the adjudicating authority under
Section 31(1) of the IBC Code. Hon'ble Supreme Court observed that,
once the resolution plan was drawn, the claim as provided in the
resolution plan stood frozen, and will be binding on the corporate
debtor, its employee, its members, creditors, Central Government and
any State Government or legal authority, guarantor and other
stakeholders. We also note that in the present facts of the case, the
Section 31 in The Income Tax Act, 1961 [Entire Act]
Section 14A in The Income Tax Act, 1961 [Entire Act]
Section 14 in The Income Tax Act, 1961 [Entire Act]
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