DCIT CENTRAL CIRCLE-16, NEW DELHI vs. ADTV COMMUNICATIONS PRIVATE LIMITED, NEW DELHI

PER YOGESH KUMAR, U.S. JM: The present appeal is filed by the Department of Revenue against the order of the Commissioner of Income Tax Appeals-Delhi, 27 [‘Ld. CIT(A)/NFAC’ for short] dated 22/05/2023 pertaining to the Assessment Year 2011-12. 2.The Ld. Counsel for the Assessee submitted that the NCLT vide its order dated 17/12/2024 in Company Appeal (AT) (Insolvency) No. 849/2023 and I.A No. 2894,2895 of 2023 admitted the petition for commencement of Corporate Insolvency Resolution Process (‘CIRP’) against the Assessee under Section7 of the Insolvency and Bankruptcy Code, 2016 (‘the Code’) and also declared moratorium in terms of 2 3. We have gone through the order of the NCLT dated 17/12/2024, wherein by admitting the application filed by the applicant a moratorium has been imposed and the adjudicating authority has been directed appoint Interim Resolution Professional and to take necessary steps as per IBC. In view of the same, the present Appeal filed by the Revenue is not maintainable, accordingly, Appeal filed by the Revenue 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 29th May, 2025 (MANISH AGARWAL) JUDICIAL MEMBER Date:- 29.05.2025 R.N, Sr.P.S*