https://www.taxtmi.com/caselaws?id=760575 The Gujarat HC quashed assessment proceedings under sections 147, 144, 144B, and 148A against an insolvent company. The court held that following approval of a resolution plan under section 30(6) of the Insolvency and Bankruptcy Code by NCLT, no proceedings can be initiated or continued for claims relating to the pre-resolution period. The Deputy Commissioner's tax claim was already verified and admitted in NCLT proceedings. The court ruled in favor of the assessee, setting aside all assessment orders and notices. en-us Tue, 01 Oct 2024 00:00:00 +0530 Wed, 23 Oct 2024 08:19:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760575 The Gujarat HC quashed assessment proceedings under sections 147, 144, 144B, and 148A against an insolvent company. The court held that following approval of a resolution plan under section 30(6) of the Insolvency and Bankruptcy Code by NCLT, no proceedings can be initiated or continued for claims relating to the pre-resolution period. The Deputy Commissioner's tax claim was already verified and admitted in NCLT proceedings. The court ruled in favor of the assessee, setting aside all assessment orders and notices. Case-Laws Income Tax Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760575