Home Case Index All Cases Insolvency and Bankruptcy Insolvency and Bankruptcy + AT Insolvency and Bankruptcy - 2022 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (2) TMI 838 - NATIONAL COMPANY LAW APPELLATE TRIBUNAL , PRINCIPAL BENCH , NEW DELHIClaim of refund for the assessment year 2019-2020 from Income Tax Department - rejection of refund holding that it is not within the jurisdiction to direct Income Tax Department to give refund - waterfall mechanism as per Section 53 of the IBC - HELD THAT:- There is no illegality committed by the Ld. Adjudicating Authority while passing the impugned order, in view of provisions of Section 245 of the Income Tax Act, 1961. Therefore, we do not need to interfere in the impugned order. The impugned order passed by the Ld. Adjudicating Authority (National Company Law Tribunal), Indore Bench at Ahmedabad Court 1 is hereby affirmed. There is no merit in the Appeal. The Appeal is hereby dismissed and the Appellant is further directed to move before the Income Tax Department who are competent to adjudicate the matter.
|