Allowing the petition the Court held that in view of approval of resolution plan under Code, Assessment Order passed under section 147 read with sections 144 and 144B and order passed under section 148A(d) as well as the impugned notices passed under section 148A(b), notice issued under section 148 and notice issued under section 156 is quashed and set aside. (AY. 2018-19)
Perfect Boring (P.) Ltd. v. Assessment Unit, Income-tax Department (2025) 302 Taxman 373 (Guj.)(HC)
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Approval of resolution plan under Code-No person would be entitled to initiate or continue any proceedings in respect of any claim for any dues relating to period prior to approval of resolution plan. [S. 148, 148A(b), 148A(d),Insolvency and Bankruptcy Code, 2016, S.30(6), Art. 226]
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