ACIT, CENTRAL CIRCLE- 6, NEW DELHI vs. SHIV VANI OIL & GAS EXPLORATION SERVICES LTD., NEW DELHI

PER YOGESH KUMAR, U.S. JM: The present appeal is filed by the Revenue against the Commissioner of Income Tax (Appeals)-42 (‘Ld. CIT(A)’ for short), New Delhi dated 21/12/2017 for the Assessment Year 2010-11. 2. None appeared for the Assessee. Considering the issue involved in the present Appeal we deem it fit to decide the Appeal on hearing the Ld. Department's Representative and perusing the material available on record.

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ACIT Vs. Shiv Vani Oil & Gas Exploration Services
3. The Ld. Department's Representative submitted that the Assessee
Company was undergoing liquidation proceedings, a provisional liquidator was appointed in 2017. The Official Liquidator (OL) had control over the company's assets under liquidation and has already sold some assets, thereafter, the proceedings have been transferred to NCLT.
3. There is no representation from the side of the Assessee/official liquidator right from 03/11/2021 for nearly 20 hearings before us.
Considering the above fact that matter is pending before the NCLT as informed by the Ld. Department's Representative and in the absence of any submission or representation on the part of the Assessee/OL/Resolution Professional, we find no reason to keep the present appeal pending. Accordingly, the present Appeal filed by the Assessee is hereby dismissed with a liberty to the Revenue/parties to file appropriate application for restoration of the present Appeal, if so advised.
4. In the result, the appeal filed the Revenue is dismissed.
Order pronounced in the open court on 22nd August, 2025 (S. RIFAUR RAHMAN)
JUDICIAL MEMBER
Date:- 22.08.2025
R.N, Sr.P.S*

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ACIT Vs. Shiv Vani Oil & Gas Exploration Services