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Income Tax Appellate Tribunal, “K” BENCH, MUMBAI
O R D E R PER PRASHANT MAHARISHI, AM: 01. This appeal is filed by the Asst. Commissioner of Income Tax, Circle 3(1), Mumbai (the learned Assessing Officer) against the appellate order passed by the learned Commissioner of Income-tax (Appeals)-15, Mumbai [the learned CIT (A)] dated 6th August, 2012. The assessee, M/s EKL Appliances Ltd., as per order sheet entry dated 25th November, 2021, states that Assessee Company had amalgamated with M/s Videocon Industries Ltd. and further M/s Videocon Industries Ltd. has undergone corporate Insolvency Resolution Process. Corporate Insolvency Resolution Process in case of M/s Videocon has also been stayed by Hon'ble Supreme Court. Therefore, according to Section 14 of Insolvency and Bankruptcy Code 2016, the learned Assessing Officer could not have
In the result, the appeal of the learned Assessing Officer is dismissed.
Order pronounced in the open court on 23.12.2022.