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Income Tax Appeals Dismissed Due to NCLT Moratorium Against Personal Guarantors
Case Law Details
- Case Name
- Shefali Bansa Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Delhi
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Shefali Bansa Vs DCIT (ITAT Delhi)
The assessees’ appeals against search assessments under section 153A/143(3) for AYs 2013-14 and 2014-15 were not examined on merits because of a supervening insolvency development. As noted from the NCLT order dated 08.01.2026 (referred to on page 3 of the Tribunal order), insolvency proceedings were admitted against the assessees in their capacity as personal guarantors, and a statutory moratorium of 180 days was imposed.
During this moratorium, all legal proceedings in respect of debts against the applicants stand stayed and creditors are barred from init...
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