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News INCOME TAX

  • Apr 10, 2019
  • I-T Dept looking at IBC resolution cases for possible tax violations

    The Income Tax Department has sought details of the status and identification of creditors and debtors under the Insolvency and Bankruptcy Code (IBC) to investigate possible tax violations. Senior IT officials told BusinessLine that the Mumbai Office of the Director of Intelligence and Criminal Investigation has been in touch with the National Company Law Tribunal (NCLT) seeking minute details of the parties in all such cases where it believes that tax violations may have happened.