9911796707
TMI Blog2022 (6) TMI 1294X X X X Extracts X X X X X X X X Extracts X X X X ..... cial Member: The aforesaid appeals have been filed by the assessee against the separate impugned order of even date 22.11.2018, passed by Ld. CIT (Appeals)-51, Mumbai for the quantum appeal of assessment passed u/s 143(3) r.w.s. 153A for the AY 2008-09 to 2013-14. 2. Before us, Ld. Counsel for the assessee stated that a petition under the Insolvency & Bankruptcy Code, 2016 (IBC) has been filed a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cluding the income tax proceedings before this Tribunal. 4. We find that the present appeals have been filed by the assessee against the order of Ld. CIT (A) whereby demands have been created in respect of the additions sustained /enhanced by the Ld. CIT (A). Once NCLT has passed the order in pursuance of petition filed u/s 7 of IBC for initiating insolvency process against the corporate debtor, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st Act, 2002; d) the recovery of any property by an owner or lessor where such property is occupied by or in possession of the corporate debtor. It is further directed that: I. That the supply of essential goods or services to the corporate debtor, if continuing, shall not be terminated or suspended or interrupted during the moratorium period. II. That the provisions of sub-section (1) of S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ws.com, phone no. 9967011249 as Interim Resolution Professional to carry the functions as mentioned under IBC. 5. Thus, in view of the above, no proceedings can be initiated against the corporate debtor, that is, assessee company including the present proceedings before this tribunal, or the income tax proceedings and recovery of demand or giving effect of any order. It is well settled now that, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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