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2022 (9) TMI 1531 - HC - Income TaxSection u/s 80IA - insolvency proceedings - Assessee submitted that the application filed by the financial creditor under Section 7 of the Insolvency & Bankruptcy Code 2016 (IBC) before NCLT, Kolkata was admitted for initiating the corporate resolution process in respect of assessee company and the NCLT by order dated March 13, 2019 declared moratorium for the purposes of referring to in section 14 of the IBC. NCLT has approved the resolution plan submitted by the company on 24th February, 2020. Since the resolution plan has already been approved, the instant appeal has become infructuous and accordingly stands dismissed without any order as to costs. Further in the assessee’s own case appeal filed by the revenue for the other assessment years were also dismissed on similar grounds.
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