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ITAT Levies Rs. 25,000 Cost Per Appeal on Delinquent Assessee Jet Airways
Case Law Details
- Case Name
- Jet Airways (India) Ltd. Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Mumbai
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Jet Airways (India) Ltd. Vs DCIT (ITAT Mumbai)
Introduction: In a pivotal move, the Income Tax Appellate Tribunal (ITAT) Mumbai has issued a significant order involving Jet Airways (India) Ltd., currently embroiled in insolvency proceedings before the National Company Law Tribunal (NCLT). The ITAT has mandated Jet Airways to contribute Rs 25,000 to the Prime Minister Relief Fund, setting a precedent regarding the necessity of adherence and cooperation during the insolvency resolution processes.
Detailed Analysis
Jet Airways, established on April 1, 1992, and once a leading figure in the Indian...
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