https://www.taxtmi.com/caselaws?id=435122 The Tribunal held that the Assessing Officer's actions in framing assessments and raising tax demands during the moratorium imposed by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) were void-ab-initio. The Tribunal referred to the Supreme Court's ruling affirming the overriding effect of the IBC Code. Consequently, the NCLT's final order extinguished Income Tax demands for certain assessment years, reducing them to Nil. The Tribunal quashed the assessment orders and set aside the Commissioner (Appeals)'s decisions, ruling in favor of the assessee. en-us Wed, 25 Jan 2023 00:00:00 +0530 Mon, 13 Mar 2023 08:40:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435122 The Tribunal held that the Assessing Officer's actions in framing assessments and raising tax demands during the moratorium imposed by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) were void-ab-initio. The Tribunal referred to the Supreme Court's ruling affirming the overriding effect of the IBC Code. Consequently, the NCLT's final order extinguished Income Tax demands for certain assessment years, reducing them to Nil. The Tribunal quashed the assessment orders and set aside the Commissioner (Appeals)'s decisions, ruling in favor of the assessee. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435122