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    <title>Tax Proceedings Suspended for Dissolved Company Under Section 147 Pending NCLT Resolution of Corporate Status</title>
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    <description>HC quashed impugned notices, assessment orders, and demand notices against a dissolved company. The court remanded the case back to the respondent, directing suspension of proceedings pending NCLT&#039;s final order on company restoration. The Assessing Officer had initiated proceedings under Section 147, but the court held that resolution of the company&#039;s legal status by NCLT takes precedence. The decision effectively stayed tax-related actions until the company&#039;s potential reinstatement is determined by the NCLT.</description>
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    <pubDate>Sat, 05 Apr 2025 08:23:36 +0530</pubDate>
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      <title>Tax Proceedings Suspended for Dissolved Company Under Section 147 Pending NCLT Resolution of Corporate Status</title>
      <link>https://www.taxtmi.com/highlights?id=87167</link>
      <description>HC quashed impugned notices, assessment orders, and demand notices against a dissolved company. The court remanded the case back to the respondent, directing suspension of proceedings pending NCLT&#039;s final order on company restoration. The Assessing Officer had initiated proceedings under Section 147, but the court held that resolution of the company&#039;s legal status by NCLT takes precedence. The decision effectively stayed tax-related actions until the company&#039;s potential reinstatement is determined by the NCLT.</description>
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      <pubDate>Sat, 05 Apr 2025 08:23:36 +0530</pubDate>
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