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Income Tax Appeals Infructuous After IBC Liquidation & Going Concern Sale: ITAT Mumbai
Case Law Details
- Case Name
- EMI Transmission Limited Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Mumbai
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EMI Transmission Limited Vs DCIT (ITAT Mumbai)
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) disposed of a batch of appeals filed by the assessee for Assessment Years 2011-12 to 2018-19, holding that they had become infructuous in view of subsequent developments under the Insolvency and Bankruptcy Code, 2016 (IBC). The Tribunal found that the issue of maintainability and survivability of the appeals had to be decided before examining the merits of the additions sustained by the Commissioner of Income Tax (Appeals).
The record showed that an application under Sec...




