2025 (1) TMI 803

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....Garg, Sr. DR ORDER PER M. BALAGANESH, A. M.: 1. The appeal in ITA No.3538/Del/2016 for AY 2011-12, arises out of the order of the Commissioner of Income Tax (Appeals)-17, New Delhi [hereinafter referred to as "ld. CIT(A)", in short] in Appeal No. 236/2013- 14(A)5 to 17/2015-16 dated 17.03.2016 against the order of assessment passed u/s 143(3) of the Income-tax Act, 1961 (hereinafter refer....

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....gh Court noticed that the Corporate Insolvency Resolution Process (CIRP) in case of the assessee commenced on 19.03.2017. The Hon'ble High Court noted that out of the total amount of Rs 123.10 crores available for distribution, no amounts were ear marked for payment of statutory dues by NCLT in its order dated 4.2.2020 in view of the fact that the revenue had not lodged any claims before the RP. T....