IBC proceedings towards employer not floor to disclaim TDS credit score to worker: ITAT

By rashila basheer , 1st December 2022 at 6:40 pm The Revenue Tax Appellate Tribunal (ITAT), Delhi bench has held that proceedings below the Insolvency and Chapter Code (IBC) towards the employer-company can’t be a floor for denying TDS credit score to the assessee. The appellant, Mr. Sanjay Gupta, was denied TDS credit score of … Read more

Adani, Reliance pull out of Lanco unit public sale citing IBC guidelines

Two folks acquainted with the matter informed ET that two of India’s greatest conglomerates — Adani Group and Reliance Industries — didn’t take part in Wednesday’s public sale for bankrupt Lanco Amarkantak Energy. Lenders to the corporate-bankruptcy thermal energy firm had invited three decision candidates – Adani Energy, Reliance Industries and Energy Finance Company – … Read more