GLOBAL SOFTECH LTD.,MUMBAI vs. DCIT- CC - 5 (3) , MUMBAI

These appeals in 210/Mum/2020 to 214/Mum/2020 for A.Y.2008-09, 2009-10, 2011-12, 2012-13, 2013-14 & 2014-15 respectively arises out of the order by the ld. Commissioner of Income Tax (Appeals)-53, Mumbai in appeal No. CIT(A)-53/IT-21/DCCC- 5(3)/2018-19, CIT(A)-53/IT-15/DCCC-5(3)/2019-20, CIT(A)-53/IT- 16/DCCC-5(3)/2019-20, CIT(A)-53/IT-17/DCCC-5(3)/2019-20, CIT(A)- 53/IT-18/DCCC-5(3)/2019-20 & CIT(A)-53/IT-19/DCCC-5(3)/2019-20 dated 23/08/2018 & 25/10/2019 respectively (ld. CIT(A) in short) in the matter of imposition of penalty u/s.271(1)(c) of the Income Tax Act, 1961 (hereinafter referred to as Act).

At the outset from the perusal of the files we found that an email dated 28/08/2021 has been sent by the Interim Resolution Professional (IRP) to this Tribunal. In the said e-mail, it has been mentioned that assessee is under the insolvency proceedings before the Hon’ble National Company Law Tribunal (NCLT) and the Interim Resolution Professional Mr. Hemant Sharma, Block No.2, House No.263, Subhash Nagar, New Delhi – 110 027 has been appointed to look into the affairs of the assessee company by NCLT. Accordingly, this Tribunal had taken note of the appointment of the Interim Resolution Professional (IRP) and had issued notice to Mr. Hemant Sharma which was returned unserved. Moreover, we also find from the perusal of the records that the Interim Resolution Professional has not impleaded himself to represent on behalf of the assessee company by filing revised form No.36 before us. Hence, the present appeals in the present format are not maintainable and hence, liable to be dismissed.

In view of the above, we deem it fit and appropriate to dismiss these appeals of the assessee as not maintainable with a liberty given to IRP to prefer Miscellaneous Application, if so desired, after the completion of Insolvency Resolution Process, in which event, these appeals shall be restored.

In the result, appeals of the assessee are dismissed as not maintainable.