Income Tax Penalty Proceedings for 2018-19 Challenged for Violating IBC Section 33(5) During Insolvency Process.

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....CIRP - Validity of penalty proceedings under the Income Tax Act - The Assessment Order of A.Y. 2018-19 year and notice u/s 274 rws 271 AAC(1) of the Income Tax Act, 1961 and the show cause notice u/s 274 rws 270A for A.Y. 2019-20 and notice u/s 274 rws 271 AAC(1) for A.Y. 2019-20 have been initiated in the teeth of provisions of Section 33(5) of IBC and hence is violative of the Code - Tri....