The petitioner/company, Kusum Products Limited (KPL), filed a petition seeking directions to the respondent No.2/Directorate of Income Tax (Recovery) for relief under Sections 41(1), 45, 72(3), and 115 JB of the Income Tax Act, following a scheme sanctioned by the BIFR. The petitioner had previously filed WP(C) No. 12152/2016 seeking amendment of the cut-off date in the BIFR scheme and extension of the rehabilitation period.
Kusum Products Limited (KPL) filed a petition seeking directions for relief under the Income Tax Act, based on a BIFR-sanctioned scheme. KPL had previously filed WP(C) No. 12152/2016 regarding the BIFR scheme's cut-off date and rehabilitation period. The Government of India issued clarifications to address stakeholder difficulties. KPL's registered office is in West Bengal. The Insolvency Bankruptcy Code, 2016 stipulates approaching the NCLT where the registered office is located. The petitioner sought liberty to approach NCLT, Calcutta.
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Order issued by the…
The petitioner filed WP(C) No. 12152/2016…
The petitioner/company, Kusum Products Limited (KPL), filed a petition seeking directions to the respondent No.2/Directorate of Income Tax (Recovery) for relief under Sections 41(1), 45, 72(3), and 115 JB of the Income Tax Act, following a scheme sanctioned by the BIFR. The petitioner had previously filed WP(C) No. 12152/2016 seeking amendment of the cut-off date in the BIFR scheme and extension of the rehabilitation period.
Kusum Products Limited (KPL) filed a petition seeking directions for relief under the Income Tax Act, based on a BIFR-sanctioned scheme. KPL had previously filed WP(C) No. 12152/2016 regarding the BIFR scheme's cut-off date and rehabilitation period. The Government of India issued clarifications to address stakeholder difficulties. KPL's registered office is in West Bengal. The Insolvency Bankruptcy Code, 2016 stipulates approaching the NCLT where the registered office is located. The petitioner sought liberty to approach NCLT, Calcutta.
Order issued by the…
The petitioner filed WP(C) No. 12152/2016…