Alerts & Updates 2nd Jul 2024
In this update, we have discussed Mumbai ITAT’s ruling that no tax recovery proceedings could be initiated against Corporate Debtor under liquidation under the IBC Code. We have also discussed Delhi ITAT’s decision in the context of non-applicability of the deeming provisions of section 50C of Income Tax Act, 1961 on transfer of lease hold rights.
As per the rules of the Bar Council of India, lawyers and law firms are not permitted to solicit work or advertise. By clicking on the "I Agree" button, you acknowledge and confirm that you are seeking information relating to Economic Laws Practice (ELP) of your own accord and there has been no advertisement, personal communication, solicitation, invitation or any other inducement of any sort whatsoever by or on behalf of ELP or any of its members to solicit any work through this website.