https://www.taxtmi.com/caselaws?id=422755 The court allowed the appeal, setting aside the assessment order and directing the proceedings to be stayed until the completion of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The court found that there was a violation of principles of natural justice due to lack of a proper personal hearing and criticized the assessing officer for not considering legal arguments. Adverse remarks and costs imposed on the appellant's counsel were expunged, emphasizing the importance of judicial restraint. The court closed the application for stay without awarding costs. en-us Tue, 10 May 2022 00:00:00 +0530 Fri, 20 May 2022 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422755 The court allowed the appeal, setting aside the assessment order and directing the proceedings to be stayed until the completion of the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. The court found that there was a violation of principles of natural justice due to lack of a proper personal hearing and criticized the assessing officer for not considering legal arguments. Adverse remarks and costs imposed on the appellant's counsel were expunged, emphasizing the importance of judicial restraint. The court closed the application for stay without awarding costs. Case-Laws Income Tax Tue, 10 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422755