https://www.taxtmi.com/caselaws?id=435584 The appeal against the order of Ld. CIT(A)-4, Kolkata under section 143(3) of the Income-tax Act, 1961 was dismissed due to non-compliance with NCLT permissions. The case involved the Insolvency and Bankruptcy Code, 2016, with the appointment of an Interim Resolution Professional and declaration of a moratorium period. The judgment emphasized the binding nature of resolution plans under the Code and the prohibition on initiating suits during the moratorium period. The Revenue's appeal and the assessee's appeal were both dismissed, allowing for refiling after meeting the required conditions post the moratorium period and compliance with NCLT permissions. en-us Tue, 28 Feb 2023 00:00:00 +0530 Wed, 22 Mar 2023 18:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435584 The appeal against the order of Ld. CIT(A)-4, Kolkata under section 143(3) of the Income-tax Act, 1961 was dismissed due to non-compliance with NCLT permissions. The case involved the Insolvency and Bankruptcy Code, 2016, with the appointment of an Interim Resolution Professional and declaration of a moratorium period. The judgment emphasized the binding nature of resolution plans under the Code and the prohibition on initiating suits during the moratorium period. The Revenue's appeal and the assessee's appeal were both dismissed, allowing for refiling after meeting the required conditions post the moratorium period and compliance with NCLT permissions. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435584