Section 263 revision order passed during IBC moratorium is unsustainable and stands set aside.
Section 263 revision order passed during IBC moratorium is unsustainable and stands set aside. Issue Whether a revisional order passed by the Principal Commissioner of Income Tax (PCIT) under Section 263 during the currency of a Section 14 IBC moratorium against a corporate debtor is legally sustainable. Facts Assessment History: The assessment unit completed a… Read More »