https://www.taxtmi.com/caselaws?id=457505 Madras HC quashed an assessment order against a company under liquidation due to liquidator's failure to respond to tax assessment notices. The court found the liquidator failed to properly intimate the Income Tax Department about the company's representation during insolvency proceedings, though the liquidator had been acting as IRP and later RP throughout the assessment period. The HC remitted the matter back to the tax authority to pass fresh assessment within 90 days, directing the liquidator to file necessary replies within 30 days, considering fairness to creditors in asset distribution under the Companies Act 2013. en-us Fri, 04 Mar 2022 00:00:00 +0530 Fri, 20 Sep 2024 20:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457505 Madras HC quashed an assessment order against a company under liquidation due to liquidator's failure to respond to tax assessment notices. The court found the liquidator failed to properly intimate the Income Tax Department about the company's representation during insolvency proceedings, though the liquidator had been acting as IRP and later RP throughout the assessment period. The HC remitted the matter back to the tax authority to pass fresh assessment within 90 days, directing the liquidator to file necessary replies within 30 days, considering fairness to creditors in asset distribution under the Companies Act 2013. Case-Laws Income Tax Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457505