2025 (6) TMI 874

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....The Appellant : Shri Tushar Hemani, Sr. Advocate with Shri Parimalsinh B Parmar, AR For The Respondent by: Shri AP Singh, CIT. DR ORDER PER: SUCHITRA KAMBLE, JUDICIAL MEMBER: These cross appeals have been filed by the Revenue and the Assessee against the order of the Ld. Commissioner of Income-Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi (hereinafter referred to as "CIT....

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....eved by the order of Assessing Officer, the assessee filed appeal before the Ld. CIT(A) who has given relief to the assessee by deleting an amount of Rs. 26,49,40,943/- which was added to the income of the assessee on account of unexplained investment; and confirmed rest of the disallowances made by the Assessing Officer. 4. Aggrieved by the order of the Ld. CIT(A), the assessee and Revenue, bo....

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....d shall publish notice thereof in the Official Gazette, and on the publication in the Official Gazette of this notice, the company shall stand dissolved." 7. As per Section 250 of the Companies Act, 2013 states that where a company stands dissolved under Section 248 of the Act, it shall on and from the date mentioned in the notice under sub-section (5) of that section cease to operate as a comp....

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.... years from the date of strike-off. 9. Since the present assessee company has been struck off and no party has revived the company status, as such, the present appeal filed by the Revenue as well as the Cross Appeal filed by the assessee become infructuous and hence both the appeals are dismissed. 10. In the result, both the appeals are dismissed. This Order pronounced in Open Court on 22....