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2022 (11) TMI 726 - AT - Income TaxAssessment order passed u/s 143(3) r.w.s. 142(2A) - admission of Company Petition under Insolvency and Bankruptcy Code, 2016 - Hon’ble NCLT has admitted the Company Petition and declared the Moratorium period under section 13(1)(a) of the IBC prohibiting certain acts - HELD THAT:- As relying on M/S. STERLING LAM LIMITED VERSUS THE DY. CIT S.K. CIRCLE HIMATNAGAR [2022 (7) TMI 1343 - ITAT AHMEDABAD] Appeal filed by the Revenue in the present circumstances, cannot be proceeded with. Till the completion of moratorium period or upon the revival of corporate debtor as per the Resolution Plan approved by the adjudicating authority. Therefore the appeal filed by the Revenue is treated as dismissed in limini. However, liberty is given to the Revenue to revive/restitute after the moratorium period expires or as approved by the adjudicating authority.
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