https://www.taxtmi.com/caselaws?id=310914 The Calcutta HC dismissed the appeal concerning the interpretation of Section 80-IA of the Income Tax Act, 1961, due to the approval of a resolution plan by the NCLT under the Insolvency & Bankruptcy Code, 2016. The NCLT's approval rendered the appeal moot, as the corporate resolution process concluded the matter. The court left the substantial questions of law open for future consideration, given the impact of the IBC proceedings on the legal process. No order as to costs was made. en-us Fri, 09 Sep 2022 00:00:00 +0530 Sat, 25 Nov 2023 06:00:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310914 The Calcutta HC dismissed the appeal concerning the interpretation of Section 80-IA of the Income Tax Act, 1961, due to the approval of a resolution plan by the NCLT under the Insolvency & Bankruptcy Code, 2016. The NCLT's approval rendered the appeal moot, as the corporate resolution process concluded the matter. The court left the substantial questions of law open for future consideration, given the impact of the IBC proceedings on the legal process. No order as to costs was made. Case-Laws Income Tax Fri, 09 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310914