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Reassessment Notice Quashed Due to Extinguishment of Tax Liabilities Under Approved Resolution Plan
Case Law Details
- Case Name
- AMW Auto Component Limited Vs ACIT (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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AMW Auto Component Limited Vs ACIT (Gujarat High Court)
In this case before the Gujarat High Court, the petitioner challenged the validity of a notice issued under Section 148 of the Income-tax Act, 1961 dated 31.03.2025 seeking to reopen assessment proceedings. The petitioner company had undergone Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, initiated by a financial creditor and admitted by the adjudicating authority on 01.09.2020. During the CIRP, an Interim Resolution Professional invited claims from creditors, and a resolut...
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