TaxTMI 
TaxTMI 
2022 (7) TMI 1144
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.... AT<br>Dated:- 14-7-2022<br>ITA Nos.139, 140, 141 & 142/M/2020 ITA Nos.1083 & 1084/M/2020 ITA Nos.131, 132 & 1021/M/2020 ITA Nos.230, 231, 232, 233 & 234/M/2020 ITA No.1088/M/2020 ITA Nos.121, 122, 123, 124, 125, 126, 127, 128 & 129/M/2020 ITA No.1024/M/2020 - -<br>Income Tax<br>SHRI KULDIP SINGH , JUDICIAL MEMBER AND SHRI OM PRAKASH KANT , ACCOUNTANT MEMBER Assessee by : None Revenue by : Shr....
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....r on the ground that the notice under section 143(2) of the Act was not served within the prescribed period. Assessee also challenged the addition made by the Assessing Officer (AO)/Commissioner of Income Tax (Appeals)[CIT(A)] on account of unexplained money under section 69A of the Act. On the basis of assessment framed under section 144 read with section 147 of the Act AO initiated the penalty p....
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.... the Revenue, perused the orders passed by the Ld. Lower Revenue Authorities and order passed by Hon'ble National Company Law Tribunal (NCLT) and documents available on record in the light of the facts and circumstances of the case. 6. At the very outset, it is brought to the notice of the Bench that Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench passed the order in petitions beari....
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.... (ii) transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (iii) any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securi....