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2022 (7) TMI 271 - AT - Income TaxReopening of assessment u/s 147 - Corporate Insolvency Resolution process accepted - HELD THAT:- Respectfully following the order of the Tribunal in assessee’s own case [2022 (5) TMI 820 - ITAT HYDERABAD], we hold that the Revenue is bound by the resolution plan as accepted by the NCLT and not entitled to anything more than what is provided therein. We find the amount provided under the resolution plan is only Rs.22 Lakhs as against the claim of the Revenue to the tune of Rs.189.91 Crores. Therefore, the assessee or Revenue cannot have any grievance in disposing of these appeals in tune with the orders of the NCLT. This appeal is disposed-of accordingly.
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