2021 (7) TMI 1342

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.... the Income Tax Act, 1961; (ii) The order dated December 31, 2019 under Section 143 (3) of the said Act; (iii) Notices cum intimations dated January 3, 2020, January 20, 2020 and January 23, 2020 issued by the respondent under Section 245 of the said Act in respect of pending assessments, appeals, litigations, show cause notices, pertaining to the period prior to the Transfer Date, which have been settled in accordance with the approved Resolution Plan of Ultra Tech Cement Ltd." Petitioners are further aggrieved against the demand, inter alia, stating that the refund of Rs. 1,43,46,686/- and Rs. 67,69,380/- processed by the respondents in favour of the petitioner shall be adjusted against the outstanding demand existed ....

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.... cum intimations and whether the respondent Income Tax Authorities were legally justified in initiating reassessment proceeding and continuing with the assessment proceeding for the Assessment Year 2012-13 and 2016-17 respectively and completing the assessments by orders dated 24th July, 2019 and 31st December, 2019 for the period prior to the transfer date and whether such an Act of the respondent is in breach of violation of the order dated 14th November, 2018 passed by the National Company Appellate Tribunal approving the Resolution Plan and Provisions of the Code where approved Resolution Plan clearly states that no amount shall be payable for any liability of the Corporate Debtor towards tax, fee, interest or penalty. The petitioner....