Revenue Appeal Not Maintainable During IBC Moratorium: Delhi ITAT

ACIT Vs Vayam Technologies Ltd (ITAT Delhi) The Delhi ITAT considered the Revenue’s appeal against the order of the National Faceless Appeal Centre for AY 2011-12, arising from an assessment made under Section 143(3) of the Income-tax Act, 1961. The Revenue challenged the deletion of additions relating to disallowance under Section 80IB, welfare and training expenses, and business development expenses. At the outset, the assessee raised a preliminary objection to the maintainability of the appeal, stating that it had been admitted into the Corporate Insolvency Resolution Process (CIRP) b...