On a writ petitioner\u00a0 contended\u00a0 that the Department had no jurisdiction or authority to commence any action for reassessment pertaining to a period prior to the approval of the resolution plan under section 31 of the Code:<\/p>\n
Held, that the respondents had not contested the validity of the resolution plan at any stage and it was not the case of the respondents that the National Company Law Tribunal had been approached for the purposes of recall of its order according approval to the resolution plan or that the resolution plan was a closure in respect of any claim or demand that had existed in respect of the assessee. Court held that the notice under section 148 for the assessment year 2014-2015 dated March 31, 2021 and reassessment proceedings under section 147 were not valid and hence was unsustainable.(AY. 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 148 :Reassessment-Notice-Notice issued after approval of resolution plan under IBC Code, 2016-Not valid.[S. 147, Insolvency and Bankruptcy Code, 2016, S.7, 31, Art. 226 <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-60155","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fEf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=60155"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60155\/revisions"}],"predecessor-version":[{"id":60156,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/60155\/revisions\/60156"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=60155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=60155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=60155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}