2025 (8) TMI 766

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.... Mr. P. A. Narayanan, Advocate for the Revenue/Respondent. P. C. 1. Rule. Respondents waive service. With the consent of parties, Rule made returnable forthwith and heard finally. 2. The above Writ Petition seeks quashing and setting aside of the impugned notice dated 28th March 2025 issued under Section 148 of the Income Tax Act, 1961 for the A.Y. 2021-22. Consequently, the notice issued....

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....ny regulatory or local authority or body or any agency or instrumentality thereof .... in relation to any dues, direct or indirect taxes, duties .... whether admitted or not, due or contingent, asserted or unasserted, crystallised or uncrystallised, known or unknown, secured or unsecured, disputed or undisputed, present or future, whether or not set out in the financial statements of the Corporate....

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....is covered by a decision of this Court in the case of Alok Industries Ltd V/S Assistant Commissioner of Income-tax [(2024) 161 taxmann.com 285 (Bombay)]. In fact recently, even the Hon'ble Supreme Court in the case of Vaibhav Goel & Anr. V/S Deputy Commissioner of Income-Tax & Anr. [(2025) 255 Company Cases 266 (SC)] has taken a view that once the Resolution Plan is approved by the Adjudicating Au....