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2023 (6) TMI 804 - ITAT NAGPURIncome tax proceedings against company in liquidation - reopening of assessment when NCLT has approved assessee’s resolution plan submitted under the Insolvency and Bankruptcy Code - HELD THAT:- As resolution plan under the “IBC” as concluded in light of hon’ble jurisdictional High Court’s decision [2021 (12) TMI 1182 - BOMBAY HIGH COURT] that the same indeed carries precedence over the income tax dues as per hon’ble Apex Court decision in Ghanshyam Mishra’s case [2021 (4) TMI 613 - SUPREME COURT] Faced with the situation, we adopted the hon’ble jurisdictional High Court reasoning mutatis mutandis to allow assessee’s twin appeals.
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