Income Tax Notice issued prior to date of approval of Resolution Plan was quashed

TUF Metallurgical Pvt. Ltd. Vs Union Of India & Anr. (Delhi High Court) Conclusion: The impugned notices and orders were issued by the respondents/revenue admittedly subsequent to the public announcement under Section 15 of the Code regarding CIRP process pertaining to assessee and it was only subsequent to approval of the Resolution Plan of the Tribunal that Revenue issued the impugned Assessment Order and Demand Notice. Therefore, the income tax notice was quashed issued prior to date of approval of resolution plan. Held: Revenue passed the assessment order under Section 143(3) in respec...