https://www.taxtmi.com/caselaws?id=765758 The ITAT Delhi held that an income tax assessment order dated 27/09/2021 against a company undergoing insolvency proceedings lacked legal sanctity and enforceability. During insolvency, the income tax department filed only a TDS violation claim of Rs. 10.14 crores, which was rejected, and their appeal was dismissed by NCLAT. The approved resolution plan specifically extinguished all revenue department dues prior to the NCLT approval date, rendering the assessment order unenforceable and dismissing the department's appeal grounds. en-us Wed, 08 Jan 2025 00:00:00 +0530 Sat, 08 Feb 2025 09:12:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765758 The ITAT Delhi held that an income tax assessment order dated 27/09/2021 against a company undergoing insolvency proceedings lacked legal sanctity and enforceability. During insolvency, the income tax department filed only a TDS violation claim of Rs. 10.14 crores, which was rejected, and their appeal was dismissed by NCLAT. The approved resolution plan specifically extinguished all revenue department dues prior to the NCLT approval date, rendering the assessment order unenforceable and dismissing the department's appeal grounds. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765758