https://www.taxtmi.com/caselaws?id=756481 Gujarat HC held that AO lacked jurisdiction to issue reassessment notice under Section 148 for AY 2019-20 after case transfer order dated 11.01.2023 under Section 127(2). Court ruled that once NCLT approved resolution plan under Section 13(6) of IBC 2016 for dissolved company, AO cannot reopen assessment proceedings. Following precedent in Surya Exim Ltd., HC quashed both the Section 148 notice and Section 148A(d) order, deciding in favor of assessee. en-us Tue, 16 Jul 2024 00:00:00 +0530 Fri, 02 Aug 2024 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756481 Gujarat HC held that AO lacked jurisdiction to issue reassessment notice under Section 148 for AY 2019-20 after case transfer order dated 11.01.2023 under Section 127(2). Court ruled that once NCLT approved resolution plan under Section 13(6) of IBC 2016 for dissolved company, AO cannot reopen assessment proceedings. Following precedent in Surya Exim Ltd., HC quashed both the Section 148 notice and Section 148A(d) order, deciding in favor of assessee. Case-Laws Income Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756481