2022 (6) TMI 1465

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....lant : Mr. Prithu Dudheria, Adv. For the Respondent : Mr. Debasis Lahiri, Adv. ORDER Re.: IA No.GA/1/2022 The Court : We have heard Mr. Prithu Dudheria, learned standing counsel appearing for the appellant and Mr. Debasis Lahiri, learned advocate representing the Insolvency Resolution Professional appointed by NCLT in the matter of the respondent/assessee. There is a delay of 474 da....

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....e order u/s 263 passed by the Principal Commissioner of Income Tax without appreciating the facts of the case as the assessing officer completely ignored to compute business income of the assessee after applying reasonable NP rate on rejection of books of accounts? As against the respondent company an application for liquidation has been filed before the National Company Law Tribunal, Kolkata B....