Judgement

ITAT remanded the assessment and penalty proceedings to the AO after holding that the assessee's insolvency under the IBC justified a fresh opportunity to present evidence.

ITAT Orders Fresh Assessment After Accepting Insolvency-Related Delay and Non-Compliance

ITAT set aside the Rs 59.5 crore tax assessment against taxpayer and remanded the matter to the AO, holding that the proceedings ignored the IBC moratorium during the company's CIRP.

ITAT Sets Aside Tax Assessment Over IBC Moratorium, Remands Matter to AO

ITAT Declares Tax Appeals Infructuous After Corporate Debtor's IBC Liquidation

Notifications

MCA notifies key provisions of the IBC Amendment Act, bringing selected sections into force from May 26, 2026.

MCA Notifies Key Provisions of IBC Amendment Act Effective from May 26, 2026

Supreme Court upholds quashing of reassessment, reinforces clean slate principle under IBC resolution framework.

SC Dismisses Revenue SLP in CIRP Case; Income Tax Reassessment Invalid

Madras High Court rules auctioned property under IBC passes free from past VAT liabilities

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ITAT Orders Fresh Assessment After Accepting Insolvency-Related Delay and Non-Compliance

ITAT Sets Aside Tax Assessment Over IBC Moratorium, Remands Matter to AO

ITAT Declares Tax Appeals Infructuous After Corporate Debtor's IBC Liquidation

MCA Notifies Key Provisions of IBC Amendment Act Effective from May 26, 2026

SC Dismisses Revenue SLP in CIRP Case; Income Tax Reassessment Invalid

State Tax Department cannot automatically attach Properties Bought in IBC Liquidation