Tax Dues of Company settled by direction of BIFR under SICA Act: Supreme Court upholds Order of Madhya Pradesh HC [Read Order]
The court viewed that there is nothing to consider as the tax dues of the company settled by direction of the Board for Industrial and Financial Reconstruction (BIFR) under the Sick Industrial Companies (Special Provisions) Act, 19851
The Supreme Court of India upheld the order of the Madhya Pradesh High Court which dismissed the writ petition of the assessee against the order of the commercial tax officer determining tax liability. The court viewed that there is nothing to consider as the tax dues of the company settled by direction of the Board…
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