Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]

Revenue - lodge Claim - IBC - RP Notice Demanding - Income Tax - Delhi HC - Tata Steel Ltd - taxscan

In the case of Tata Steel Limited, the Delhi High Court held that revenue failed to lodge a claim under the Insolvency Bankruptcy Code (IBC) before the Resolution Process(RP) notice demanding income tax is not valid. The petitioner challenged the notice issued under Section 221(1) of the Income Tax Act, 1961 [“the Act”] and the…

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