2025 (8) TMI 946

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....RDER PER MADHUMITA ROY: (JM): The appeal filed by the assessee is directed against the order dated 24.02.2020 passed by the Ld. CIT(A)-13, Delhi, arising out from the assessment order dated 29.12.2018 under Section 143(3) of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') by ACIT, Circle-9(2) for Assessment Year 2016-17. 2. The assessee before us is subjected to insolvency res....

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....statutory dues, predating the resolution plan's approval, stand extinguished. Thus, taking into consideration this particular aspect of the matter, the statutory dues, including tax liabilities, pertaining to the period before resolution plan approved cannot survive. 4. It is contended by the Ld. Counsel appearing for the assessee that having regard to this particular aspect of the matter that th....