9911796707
TMI Blog2022 (7) TMI 1144X X X X Extracts X X X X X X X X Extracts X X X X ..... Dated:- 14-7-2022 X X X X Extracts X X X X X X X X Extracts X X X X ..... e ground that the notice under section 143(2) of the Act was not served within the prescribed period. Assessee also challenged the addition made by the Assessing Officer (AO)/Commissioner of Income Tax (Appeals)[CIT(A)] on account of unexplained money under section 69A of the Act. On the basis of assessment framed under section 144 read with section 147 of the Act AO initiated the penalty proceedi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... venue, perused the orders passed by the Ld. Lower Revenue Authorities and order passed by Hon'ble National Company Law Tribunal (NCLT) and documents available on record in the light of the facts and circumstances of the case. 6. At the very outset, it is brought to the notice of the Bench that Hon'ble National Company Law Tribunal (NCLT), Ahmedabad Bench passed the order in petitions bearing No.C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) transferring, encumbering, alienating or disposing of by the corporate debtor any of its assets or any legal right or beneficial interest therein; (iii) any action to foreclose, recover or enforce any security interest created by the corporate debtor in respect of its property including any action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Inte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st the Bench to proceed further in these appeals, hence aforesaid appeals are liable to be dismissed being not maintainable at this stage. 8. Resultantly, aforesaid appeals filed by the assessee companies are disposed of with liberty to file fresh appeal in the proper format, duly verified by the person authorized to file the return of income or to get the present appeal restored by moving an app ..... X X X X Extracts X X X X X X X X Extracts X X X X
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