https://www.taxtmi.com/caselaws?id=773835 The ITAT dismissed appeals filed by both the assessee company and Revenue during ongoing liquidation proceedings. The company's appeals were held not maintainable as they were filed by directors who lost locus standi after liquidator appointment, without proper Form 36 verification by the liquidator. Revenue's appeals were dismissed as infructuous since no tax recovery was possible from assets being sold under liquidation. The Tribunal granted liberty to the liquidator to file fresh Form 36 with condonation petition, and to Revenue to demonstrate proper claims before NCLT for potential restoration of appeals. en-us Tue, 24 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:33:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773835 The ITAT dismissed appeals filed by both the assessee company and Revenue during ongoing liquidation proceedings. The company's appeals were held not maintainable as they were filed by directors who lost locus standi after liquidator appointment, without proper Form 36 verification by the liquidator. Revenue's appeals were dismissed as infructuous since no tax recovery was possible from assets being sold under liquidation. The Tribunal granted liberty to the liquidator to file fresh Form 36 with condonation petition, and to Revenue to demonstrate proper claims before NCLT for potential restoration of appeals. Case-Laws Income Tax Tue, 24 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773835