2024 (7) TMI 1050

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.... 23/1050205124(1) dated 28.02.2023 for the A.Y-2010-11, No.ITBA/NFAC/S/250/2022-23/1050206515(1) dated 28.02.2023 for the A.Y-2013-14, No.ITBA/NFAC/S/250/2022-23/1050206017(1) dated 28.02.2023 for the A.Y-2016-17, No.ITBA/NFAC/S/250/2022- 23/1050205809(1) dated 28.02.2023 for the A.Y-2017-18, No.ITBA/NFAC/S/250/2022-23/1050206189(1) dated 28.02.2023 for the A.Y-2017-18, No.ITBA/NFAC/S/250/2022-23/1050205918(1) dated 28.02.2023 for the A.Y-2018-19, No.ITBA/NFAC/S/250/2022- 23/1050205012(1) dated 28.02.2023 for the A.Y-2008-09, No.ITBA/NFAC/S/250/2022-23/1050205582(1) dated 28.02.2023 for the A.Y-2012-13, No.ITBA/NFAC/S/250/2022-23/1050205428(1) dated 28.02.2023 for the A.Y-2012-13, of the Learned Commissioner of Income Tax [herein after "CIT....

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.... obligations therefore, whether or not set out in the balance sheets of the Corporate Debtor or the profit and loss account statements of the Corporate Debtor will be deemed to have been written off fully, and permanently extinguished and no adverse orders passed in the said matters should apply to the Corporate Debtor or the Resolution Applicant. Upon approval of this Resolution Plan, all new inquiries, investigations, notices, suits, claims, disputes, litigations, arbitrations or other judicial, regulatory or administrative proceedings will be deemed to be barred and will not be initiated or admitted against the Corporate Debtor in relation to any period prior to the Effective Date. Granted, subject to the condition that these shall pert....

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....hereafter serve on the assessee a notice of demand specifying the sum payable, if any, and such notice of demand shall be deemed to be a notice under section 156 and the provisions of this Act shall accordingly, apply in relation to such notice. (2) Where the order referred to in sub-section (1) is modified by the National Company Law Appellate Tribunal or the Supreme Court, as the case may be, the modified notice of demand as referred to in sub-section (1), issued by the Assessing Officer shall be revised accordingly.". 9.0 The statutory provision of section 156A effective from 1st April, 2022. thus provides that where any tax, interest, penalty, fine or any other sum in respect of which a notice of demand has been issued under section ....