https://www.taxtmi.com/caselaws?id=764107 ITAT Delhi held that proceedings against a dissolved/insolvent company are invalid due to Section 238 of the Insolvency and Bankruptcy Code's overriding effect over the Income Tax Act, as established by SC in Monnet Ispat case. All tax claims must be pursued through the Official Liquidator under Section 53(1) of the Code. The appeal was dismissed as infructuous, though the assessee may seek reinstitution. The Tribunal will consider such applications per applicable law. en-us Tue, 31 Dec 2024 00:00:00 +0530 Thu, 02 Jan 2025 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764107 ITAT Delhi held that proceedings against a dissolved/insolvent company are invalid due to Section 238 of the Insolvency and Bankruptcy Code's overriding effect over the Income Tax Act, as established by SC in Monnet Ispat case. All tax claims must be pursued through the Official Liquidator under Section 53(1) of the Code. The appeal was dismissed as infructuous, though the assessee may seek reinstitution. The Tribunal will consider such applications per applicable law. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764107