https://www.taxtmi.com/caselaws?id=306949 The Tribunal addressed cross appeals challenging the Ld.CIT(A) order for various assessment years. It condoned a 10-day delay in filing appeals and admitted them for adjudication. It noted the impact of liquidation proceedings on legal actions, emphasizing that once a liquidation order is passed, no legal proceedings can be initiated against the corporate debtor. The Tribunal highlighted the overriding effect of the IBC over the Income-tax Act in parallel proceedings, citing relevant legal precedents. Ultimately, the Tribunal dismissed the appeals filed by both parties, granting liberty to recall the order when necessary. en-us Mon, 13 Jun 2022 00:00:00 +0530 Thu, 09 Mar 2023 00:00:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306949 The Tribunal addressed cross appeals challenging the Ld.CIT(A) order for various assessment years. It condoned a 10-day delay in filing appeals and admitted them for adjudication. It noted the impact of liquidation proceedings on legal actions, emphasizing that once a liquidation order is passed, no legal proceedings can be initiated against the corporate debtor. The Tribunal highlighted the overriding effect of the IBC over the Income-tax Act in parallel proceedings, citing relevant legal precedents. Ultimately, the Tribunal dismissed the appeals filed by both parties, granting liberty to recall the order when necessary. Case-Laws Income Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306949