https://www.taxtmi.com/caselaws?id=440881 The appeal of the revenue against the order of Ld. CIT(A) for AY 2006-07, regarding additions on parts and accessories of Air Pollution Control Machineries, was dismissed by the Supreme Court. The NCLT's declaration of a moratorium under IBC 2016, leading to the liquidation of the assessee company, prevented the continuation of legal proceedings. The Court upheld that the moratorium applies to appeals by the Income Tax Department related to tax liabilities of companies under CIRP. The revenue's appeal was dismissed, allowing for remedial measures in accordance with the law if necessary. en-us Tue, 25 Jul 2023 00:00:00 +0530 Thu, 27 Jul 2023 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440881 The appeal of the revenue against the order of Ld. CIT(A) for AY 2006-07, regarding additions on parts and accessories of Air Pollution Control Machineries, was dismissed by the Supreme Court. The NCLT's declaration of a moratorium under IBC 2016, leading to the liquidation of the assessee company, prevented the continuation of legal proceedings. The Court upheld that the moratorium applies to appeals by the Income Tax Department related to tax liabilities of companies under CIRP. The revenue's appeal was dismissed, allowing for remedial measures in accordance with the law if necessary. Case-Laws Income Tax Tue, 25 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440881