Appeal Filed by revenue after IBC Moratorium Period is not Maintainable

DCIT Vs Thiru Arooran Sugars Ltd. (ITAT Chennai) The fact with regard to liquidation of company by a final order of the Hon’ble NCLT dated 04.2021 is not disputed by the Revenue. Further, it is an admitted fact that in terms of sec.238 of the Insolvency & bankruptcy Code (in short “I & B Code”) r.w.s. 178 of the Act, the provisions of the code have an overriding effect overall other central & state statutes and this legal position has been upheld by the Hon’ble Supreme Court in the case of PCIT v. Monnet Ispat and Energy Ltd., in SLP No.6483 of 2018 order dated 10.08.20...