2023 (7) TMI 1154

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....N GARG, J.M. This appeal has been filed against the order of Ld. CIT(A)-IX, New Delhi dated 28.03.2012 for AY 2006-07. 2. The grounds have been raised of revenue are as follows:- 1. The order of Ld. CIT(A) is erroneous & contrary of facts & law. 2. On the facts and in the circumstances of the case and in law, the learned CIT(Appeals) has erred in deleting the additions of Rs. 5,51,11,277/- c....

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....by order dated 25.09.2020 in terms of sec 14 of the insolvency and bankruptcy code 2016, declared moratorium w.e.f. 3.10.2003 which shall continue during entire CIRP, prohibiting all the following:- i) the institution of suits or continuation of pending suits or proceedings against the company including execution of any judgment, decree or order in any court of law, tribunal, arbitration panel o....

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....or proceedings against the company including execution of any judgment, decree, or order of any court of law, Tribunal, arbitration panel or other authority. This being the position no useful purpose is going to be served in continuing with the present proceedings in the appeal filed by the revenue it is relevant to mention that the Hon'ble Supreme Court in the case of PCIT vs Monnet Ispat and Ene....