https://www.taxtmi.com/caselaws?id=422360 The Tribunal allowed the assessee's appeal for statistical purposes, directing the Assessing Officer to take necessary action in accordance with the law. The National Company Law Tribunal's order extinguishing all tax liabilities and proceedings related to the period before the acquisition of control by the resolution applicant was considered binding, following legal precedents emphasizing the overriding effect of the Insolvency and Bankruptcy Code. The case was restored to the file of the Assessing Officer for appropriate action in light of the NCLT order and judicial pronouncements. en-us Mon, 09 May 2022 00:00:00 +0530 Thu, 12 May 2022 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422360 The Tribunal allowed the assessee's appeal for statistical purposes, directing the Assessing Officer to take necessary action in accordance with the law. The National Company Law Tribunal's order extinguishing all tax liabilities and proceedings related to the period before the acquisition of control by the resolution applicant was considered binding, following legal precedents emphasizing the overriding effect of the Insolvency and Bankruptcy Code. The case was restored to the file of the Assessing Officer for appropriate action in light of the NCLT order and judicial pronouncements. Case-Laws Income Tax Mon, 09 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422360