Tag: Section 245 (1)

While the Income Tax Department enjoys a limited jurisdiction to continue assessment proceedings, it cannot suo moto initiate recovery for tax dues – during liquidation process – NCLAT, New Delhi

Avil Menezes, Liquidator of Sunil Hitech and Engineers Limited Vs. Principal Chief Commissioner of Income Tax, Mumbai Introduction:- In the case of Avil Menezes (Liquidator) v. Principal Chief Commissioner of Income Tax, Mumbai[1], The Hon’ble