HC stays Income tax demand & penalty made in contravention of NCLT order

Indo Enviro Integrated Solutions Limited Vs ACIT (Delhi High Court) Introduction: Delhi High Court is now the battleground for Indo Enviro Integrated Solutions Limited as it challenges the order, notices of demand, and penalty issued by the Assistant Commissioner of Income Tax (ACIT) on May 14, 2022. The crux of the challenge lies in the alleged contravention of the National Company Law Tribunal (NCLT) order dated May 2, 2022. The petitioner contests the proceedings initiated by respondent No.2, claiming they are without jurisdiction and violate the National Company Law Appellate Tribunal (NCL...