2021 (4) TMI 479

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..... serbaer India Ltd., (hereinafter referred to as 'the assessee'), by moving an application supported with an order passed by Hon'ble Supreme Court in Civil Appeal No. 4704 of 2014 order dated July 21, 2020 in assessee's own case brought to the notice of the Bench that National Company Law Tribunal (NCLT) vide order dated 20.09.2018 has passed directions for liquidation of the assess .....

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..... tion is not in a position to pay its outstanding dues including taxes. Moreover, the tax effect in the concerned appeals is just over Rs. 2,00,00,000/- (Rupees Two Crore Only). Taking overall view of the matter, we deem it appropriate to dispose of these appeals, leaving the question of law open, to be decided in appropriate case. Ordered accordingly." 3. We have heard the ld. Authorized Repres .....

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..... Central and State statutes including the Income-tax Act and all the claims including claim of the Income-tax Department under the Income-tax Act, 1961 shall be entertained by the Official Liquidator u/s. 53(1) of the Code. Keeping in view all these facts, ld. AR for the assessee stated at Bar that he does not press this appeal and same may be dismissed as withdrawn. Consequently, present appeal is .....

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