https://www.taxtmi.com/caselaws?id=447953 The ITAT Delhi dismissed the Revenue's appeal regarding allowability of business expenses and business loss without examining the merits. The assessee company was admitted to Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, and NCLT granted moratorium under Section 14(1) prohibiting proceedings against the corporate debtor. Following NCLT directions, the ITAT dismissed the appeal during the moratorium period. The Revenue was permitted to reinstitute the appeal after completion of CIRP proceedings as per relevant provisions. en-us Wed, 08 Nov 2023 00:00:00 +0530 Tue, 09 Jan 2024 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447953 The ITAT Delhi dismissed the Revenue's appeal regarding allowability of business expenses and business loss without examining the merits. The assessee company was admitted to Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, and NCLT granted moratorium under Section 14(1) prohibiting proceedings against the corporate debtor. Following NCLT directions, the ITAT dismissed the appeal during the moratorium period. The Revenue was permitted to reinstitute the appeal after completion of CIRP proceedings as per relevant provisions. Case-Laws Income Tax Wed, 08 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447953