2024 (3) TMI 1447

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....d by the Appellant - Income Tax Department challenging the order dated 11.10.2023 passed by NCLT, Mumbai Bench-1, by which order the I.A. filed by the Resolution Professional for approval of the Resolution Plan has been allowed and the Resolution Plan in the CIRP of Topworth Steel and Power Private Limited has been approved. The Appellant aggrieved by the approval of the Resolution Plan has come up in this Appeal. Brief facts of the case necessary to be noticed for deciding this appeal are:- (i) CIRP commenced against the Corporate Debtor - Topworth Steel and Power Private Limited, by order dated 29.01.2020. IRP was appointed by order dated 29.01.2020. Subsequently, vide order dated 14.07.2020, Mr. Sanjay Gupta (Respondent herein) was app....

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.... Assessment Years 2007-08 to 2013-14 dated 10.11.2016 and 02.12.2019 has been brought on the record along with the Audit Report under Section 44AB of the Income Tax Act dated 31.10.2019. 5. Learned counsel for the Appellant submits that the Appellant being not aware of the CIRP could not file claim. It is submitted that the Appellant came to know about the CIRP only after approval of the Resolution Plan, when the Resolution Professional informed about the approval of the Resolution Plan. Appellant Department by email dated 26.10.2023, 27.10.2023 and 30.10.2023 sought information with respect to CIRP. 6. We have considered the submissions of learned counsel for the Appellant as well as learned counsel appearing for the Respondent. 7. Lear....

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.... 154 r.w.s. 144 08.08.2022 08.08.2022 4,05,34,55,992 4. 2012- 13 271(1)(b) 25.12.2019 01.06.2021 20,000 5. 2012- 13 271(1)(c) 25.12.2019 01.06.2021 15,89,03,100 6. 2013- 14 271(1)(b) 13.04.2022 20.10.2022 20,000 7. 2013- 14 271(1)(c) 04.04.2022 21.10.2022 37,25,83,696 8. 2013- 14 153C r.w.s. 144 26.03.2021 12.03.2022 75,1477,870 9. 2014- 15 271(1)(b) 13.04.2022 20.10.2022 20,000 10. 2014- 15 271(1)(c) 04.04.2022 21.10.2022 32,33,18,839 11. 2014- 15 153C r.w.s. 144 26.03.2021 12.03.2022 92,46,91,810 12. 2015- 16 271(1)(b) 13.04.2022 20.10.2022 20,000 13. 2015- 16 271(1)(c) 04.04.2022 21.10.2022 14,07,37,906 14. 2015- 16 153C r.w.s. 144 26.03.2021 12.03.2022 29,55,41,100 1....