Madras HC Quashes Reassessment for Company Already Liquidated by NCLT

C. Sivanandam Vs ACIT (Madras High Court) Madras High Court Quashes Reassessment Where Company Was Already Liquidated by NCLT The Madras High Court allowed the writ petition and quashed the order passed under section 148A(d) as well as the consequential notice issued under section 148 for AY 2016–17, holding that the reassessment proceedings were unsustainable in law. The impugned action was initiated against the petitioner in relation to a company of which he was a director, even though the company had already been ordered to be liquidated by the NCLT on 17.10.2022. The Court noted that the...