Reassessment Proceedings Set Aside for Ignoring CIRP Moratorium and Clean-Slate Principle

Anuradha Real Estate Developers Pvt Ltd Vs Office of the Income Tax Officer & Ors. (Bombay High Court) The petitioner challenged reassessment proceedings initiated by the Income Tax Department for Assessment Year 2019–20 through a notice and order both dated 26 June 2025, issued under Sections 148A(1) and 148A(3) of the Income Tax Act. The petitioner argued that the proceedings were without jurisdiction because a Resolution Plan regarding the company had already been approved by the National Company Law Tribunal (NCLT) on 2 September 2024. This approval followed the company’s admission...