https://www.taxtmi.com/caselaws?id=439038 The Tribunal concluded that the assessment order against the corporate debtor, declared insolvent under the Insolvency and Bankruptcy Code (IBC), is unenforceable due to the approved resolution plan covering the assessment year 2017-18. The Commissioner of Income Tax (Appeals) had previously deemed the appeal infructuous, advising the Assessing Officer to seek directions from the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) if needed. The Tribunal, aligning with prior decisions in similar cases, allowed the appeal in favor of the assessee, rendering the tax demand unenforceable. en-us Mon, 12 Jun 2023 00:00:00 +0530 Tue, 26 Nov 2024 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439038 The Tribunal concluded that the assessment order against the corporate debtor, declared insolvent under the Insolvency and Bankruptcy Code (IBC), is unenforceable due to the approved resolution plan covering the assessment year 2017-18. The Commissioner of Income Tax (Appeals) had previously deemed the appeal infructuous, advising the Assessing Officer to seek directions from the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) if needed. The Tribunal, aligning with prior decisions in similar cases, allowed the appeal in favor of the assessee, rendering the tax demand unenforceable. Case-Laws Income Tax Mon, 12 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439038