Getting Associated With Tax Debts In Bankruptcy: Difference between revisions

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Revision as of 13:33, 11 May 2026


Ask ten people content articles can discharge tax debts in bankruptcy and can get ten different causes. The correct answer usually that you can, but in the event that certain tests are pleased.

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If any books of accounts, documents, assets found or seized belong to any other person, the concerned AO shall proceed against other person as provided u/s 153A and 153B. The assessment u/s 153C should even be completed with twenty one months from the end of the financial year when the search was conducted like assessment u/s 153A.

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