The case involves an appeal against an order related to income tax claims within the Corporate Insolvency Resolution Process (CIRP). The appellant disputes a finding that a certain amount did not become due on the Corporate Debtor upon passing of an order on 2023-03-31, but rather became due when demands were raised year to year. The appellant filed claims for Assessment Years 2010-11 and 2012-13 in the CIRP.
Suraksha Realty Ltd. & Anr. have filed an appeal against the Deputy Commissioner of Income Tax & Anr. The appeal concerns a finding related to the timing of when Rs.33,000 Crores became due from the Corporate Debtor. The appellant claims that the amount did not become due on 2023-03-31, but when demands were raised year to year, leading them to file claims for AY 2010-11 and 2012-13 in the CIRP. The appellant argues that the finding contradicts an order from the Commissioner of Income Tax (Appeals) dated 2017-03-31 and renders the resolution plan unworkable. The court has issued a notice for a hearing in February 2024.
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Date mentioned in the impugned judgment…
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The case involves an appeal against an order related to income tax claims within the Corporate Insolvency Resolution Process (CIRP). The appellant disputes a finding that a certain amount did not become due on the Corporate Debtor upon passing of an order on 2023-03-31, but rather became due when demands were raised year to year. The appellant filed claims for Assessment Years 2010-11 and 2012-13 in the CIRP.
Suraksha Realty Ltd. & Anr. have filed an appeal against the Deputy Commissioner of Income Tax & Anr. The appeal concerns a finding related to the timing of when Rs.33,000 Crores became due from the Corporate Debtor. The appellant claims that the amount did not become due on 2023-03-31, but when demands were raised year to year, leading them to file claims for AY 2010-11 and 2012-13 in the CIRP. The appellant argues that the finding contradicts an order from the Commissioner of Income Tax (Appeals) dated 2017-03-31 and renders the resolution plan unworkable. The court has issued a notice for a hearing in February 2024.
Date mentioned in the impugned judgment…
Order passed by the Office of the Commissioner…
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