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HC quashed impugned notices, assessment orders, and demand notices against a dissolved company. The court remanded the case back to the respondent, directing suspension of proceedings pending NCLT's final order on company restoration. The Assessing Officer had initiated proceedings under Section 147, but the court held that resolution of the company's legal status by NCLT takes precedence. The decision effectively stayed tax-related actions until the company's potential reinstatement is determined by the NCLT.
HC quashed impugned notices, assessment orders, and demand notices against a dissolved company. The court remanded the case back to the respondent, directing suspension of proceedings pending NCLT's final order on company restoration. The Assessing Officer had initiated proceedings under Section 147, but the court held that resolution of the company's legal status by NCLT takes precedence. The decision effectively stayed tax-related actions until the company's potential reinstatement is determined by the NCLT.
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