This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Notice issued u/s. 148 quashed as resolution plan under IBC already approved
Case Law Details
- Case Name
- Diamond Power Infrastructure Ltd. 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
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Diamond Power Infrastructure Ltd. Vs ACIT (Gujarat High Court)
Gujarat High Court held that notice issued under section 148 of the Income Tax Act after approval of resolution plan by the adjudicating authority under Sub-section (1) of Section 31 of the IBC is liable to be quashed and set aside.
Facts- A search and seizure operation was carried out u/s. 132 of the Income Tax Act, 1961 on 10.04.2018 in case of the petitioner. After the search operation, an Application u/s. 7 of the Insolvency and Bankruptcy Code, 2016 was filed by the Bank of India.
NCLT passed an order on 24.08.2018 admitting t...
Author Info
