In view of the order of the National Company Law Tribunal to the effect that, since the corporate debtor had been sold as a going concern, the liquidation process may be closed, the Supreme Court dismissed the petition, holding that there was no reason to consider the special leave petition on the merits. (AY. 2014-15)
PCIT v. EMC Ltd.(2026) 485 ITR 343/ 309 Taxman 47 (SC) Editorial :PCIT v. EMC Ltd(2022) 289 Taxman 29 (2023) 450 ITR 691 (Cal)(HC)
S. 4 : Charge of income-tax-Retention money-Not liable to be taxed-SLP of revenue dismissed. [Insolvency and Bankruptcy Code, 2016 [S.5, 115JB, Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, Art. 136]
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