Delhi HC Grants revenue Liberty to Revive Appeal Against Amrapali Group

PCIT Vs Amrapali Sapphire Developers Pvt Ltd (Delhi High Court) Introduction: The Delhi High Court recently addressed appeals related to Assessment Years 2010-11 to 2014-15 in the case of PCIT vs. Amrapali Sapphire Developers Pvt Ltd. The appeals centered around orders passed by the Income Tax Appellate Tribunal (ITA) and were complicated by the ongoing Corporate Insolvency Resolution Process (CIRP) involving companies from the Amrapali Group. Detailed Analysis: The appeals (ITA Nos. 329/2022, 337/2022, 340/2022, 341/2022, 343/2022, 345/2022, and 646/2023) contested orders from the Tribunal da...