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Income Tax Appellate Tribunal, “J” BENCH, MUMBAI
Before: SHRI PRASHANT MAHARISHI, AM & SHRI PAVAN KUMAR GADALE, JM Shri Samuel Pitta, SR DR
Date of hearing: 17.01.2023 Date of pronouncement : 17.01.2023 O R D E R PER PRASHANT MAHARISHI, AM: for A.Y. 2011-12 is filed by the DCIT- 10(3)(1), Mumbai and M/s Neo Sports Broadcast Private Ltd, Mumbai against the assessment order passed u/s. 143(3) r.w.s. 144C 13 with the Income Tax Act dated 08.01.2016.
Further, these appeals were first listed for hearing on 19.09.2017 further from 16.11.2021 onwards nobody is appearing in these appeals on behalf of the assessee.
As per Section 14 of the IBC 2016 no litigation against the corporate debtor i.e. assessee shall continue till the moratorium period is over.
Further, as soon as the company is referred to the insolvency resolution process, as per the provisions of Section 140(c)(c), The appeal is required to be signed by the insolvency resolution profession. In this case, the appeal is signed by the Director of the above company Mr. Harish Thawani. In view of this the appeal of the assessee is also not maintainable.
Accordingly, both this appeal is dismissed with liberty to both the parties to file the appeal, if they wish so, in prescribed manner, as soon as the insolvency resolution in process in case of the assessee is over.
Accordingly, both the appeals are dismissed.
Order pronounced in the open court on 17.01.2023.