VASAN HEALTH CARE P LTD,CHENNAI vs. CIT(A)-18, CHENNAI

ITA 261/CHNY/2021Status: DisposedITAT Chennai28 November 2022AY 2011-125 pages
AI SummaryDismissed

What did the Tribunal hold?

The tribunal held that due to the moratorium period under the IBC, no suits or legal proceedings can be instituted or continued against the corporate debtor. Therefore, the appeals filed by both the Revenue and the Assessee were dismissed.

What were the facts?

The assessee is undergoing proceedings under the Insolvency and Bankruptcy Code, 2016, with an Interim Resolution Professional appointed. The tribunal was informed that the present proceedings may be kept in abeyance.

What were the issues?

Whether pending income tax appeals can continue during the moratorium period under the Insolvency and Bankruptcy Code, 2016, and the overriding effect of IBC over the Income Tax Act.

Which sections of the Income-tax Act were involved?

Section 14,Section 33(5),Section 238,Section 178

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Cases cited in this judgment(6)Show list

Detected automatically from the text. Citations are also linked where they appear in the judgment. The count shows how many other judgments on BharatTax rely on the same authority.

Heard together (7 matters)

ITA No.260/Chny/2021
ITA No.261/Chny/2021
ITA No.262/Chny/2021
ITA No.263/Chny/2021
ITA No.264/Chny/2021
ITA No.265/Chny/2021
ITA No.266/Chny/2021

Read from the judgment's own cause title. This page is filed under one of them.

आयकर अपीलीय अिधकरण ‘ए’ "ायपीठ चे"ई म"। IN THE INCOME TAX APPELLATE TRIBUNAL ‘A’ BENCH, CHENNAI माननीय "ी वी. दुगा" राव, "ाियक सद" एवं माननीय "ी मनोज कुमार अ"वाल ,लेखा सद" के सम"। BEFORE HON’BLE SHRI V. DURGA RAO, JUDICIAL MEMBER AND HON’BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकर अपील सं./ ITA No.260/Chny/2021 (िनधा"रण वष" / Assessment Year: 2010-11) & आयकर अपील सं./ ITA No.261/Chny/2021 (िनधा"रण वष" / Assessment Year: 2011-12) & आयकर अपील सं./ ITA No.262/Chny/2021 (िनधा"रण वष" / Assessment Year: 2012-13) & आयकर अपील सं./ ITA No.263/Chny/2021 (िनधा"रण वष" / Assessment Year: 2013-14) & आयकर अपील सं./ ITA No.264/Chny/2021 (िनधा"रण वष" / Assessment Year: 2014-15) & आयकर अपील सं./ ITA No.265/Chny/2021 (िनधा"रण वष" / Assessment Year: 2015-16) & आयकर अपील सं./ ITA No.266/Chny/2021 (िनधा"रण वष" / Assessment Year: 2016-17)

Vasan Health Care Private Ltd. ACIT-CC 2(1) बनाम Flat No.5, FF, Door No.10/12 Chennai Anu Shanthi Apartment, 4th Cross Street / Vs. CIT Colony, Mylapore, Chennai - 600004 "थायी लेखा सं./जीआइ आर सं./PAN/GIR No. AACCV-7028-E (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ" की ओरसे/ Appellant by : Shri Vijay J. Reddy (CA)-Ld. AR ""थ" की ओरसे/Respondent by : Shri R. Mohan Reddy

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