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Status of Tax Dept. in assessment and recovery proceedings against corporate debtor under IBC

November 5, 2019[2019] 111 13 (Article)
As practitioners who closely deal with both, laws of taxation and the insolvency and bankruptcy in India, through the course of our practice as well as reading, we have encountered situations where there is an inevitable interplay between the operation of these laws. Those interplays sometimes lead to interesting questions of law and on certain other times, some disturbing paradoxes.
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