SHEFALI BANSAL,NEW DELHI vs. DCIT, CENTRAL CIRCLE-16, NEW DELHI

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ITA 3604/DEL/2024Status: DisposedITAT Delhi28 January 2026AY 2014-151 pages

In favour of the Revenue: the assessee's appeal was dismissed. From the AI summary of this appeal.

AI SummaryDismissed

What did the Tribunal hold?

The Tribunal noted an order from the National Company Law Tribunal (NCLT) which admitted Personal Insolvency Resolution Process (PIRP) for the assessees and imposed a moratorium on all debts. Consequently, the Tribunal held that the pending appeals could not be proceeded with due to this moratorium.

What were the facts?

The appeals were filed by assessees Shefali Bansal and Surender Kumar Bansal against orders of the CIT(Appeals) concerning assessment years 2013-14 and 2014-15. These appeals were filed under Section 153A/143(3) of the Income Tax Act, 1961.

What were the issues?

Whether the ITAT appeals can be proceeded with in view of the moratorium imposed by the NCLT in the PIRP proceedings against the assessees.

Which sections of the Income-tax Act were involved?

Section 153A,Section 143(3)

AI-generated summary — verify with the full judgment below

Income Tax Appellate Tribunal, DELHI BENCH “G”: NEW DELHI

Before: Ms. MADHUMITA ROY & SHRI NAVEEN CHANDRA

O R D E R PER BENCH: The captioned appeals, preferred by the assessees, are directed against separate orders of the Ld. CIT(Appeals)-28, New Delhi in proceedings under Section 153A/143(3) of the Income Tax Act, 1961 (herein after referred to as the “Act”). Relevant details are tabulated as under:

Sl. No./Assessee’s Order appealed against AO’s order(s) name/ year 1. Shefali Bansal New Delhi - order dt. 07.06.2024 ACIT, CC-16, N. Delhi- 3580/Del/2024 (A.Y. [DIN: ITBA/APL/ M/250/2024-25/ Order dt. 17.09.2018. 2013-14) 1065477247(1) 2. Shefali Bansal Delhi - order dt. 11.06.2024 [DIN: DCIT, CC-16, N. Delhi- 3604/Del/2024 (A.Y. ITBA/APL/ M/250/2024-25/1065552703(1) Order dt. 17.09.2018 2014-15) 3. Surender Kumar Bansal CIT(A)-28, Delhi - order dt. 07.06.2024 [DIN: DCIT, CC-16, N. Delhi- ITBA/APL/ M/250/2024-25/10654763241(1) Order dt. 17.09.2018 (A.Y. 2013-14) 4. Surender Kumar Bansal CIT(A)-28, Delhi - order dt. 11.06.2024 [DIN: DCIT, CC-16, N. Delhi- ITBA/APL/ M/250/2024-25/1065553562(1) Order dt. 17.09.2018 (A.Y. 2014-15)

All these appeals were taken up analogously for hearing and are being disposed of by a single composite order for the sake of convenience.

2.

Heard the respective submissions made on behalf of the respective parties and perused the entire materials available on record.

3.

Having regard to the order delivered on 08.01.2026, by the National Company Law Tribunal, Court-III (Special Bench), (“NCLT”) in the matter of Central Bank of India v. Mrs. Shefali Bansal and Central Bank of India v. Mr. Surender Kumar Bansal – IA-5752/2024 in IB-382(ND)/2024 & IA-5744/2024 in IB-383(ND)/2024, filed by the Resolution Professional, recommending admission of IB-382(ND)/2024 & IB-383(ND)/2024 filed by the Central Bank of India for initiation of PIRP qua the Personal Guarantor Ms. Shefali Bansal and Mr. Surender Kumar Bansal who stood as Personal Guarantors qua the financial facility extended by the Financial Creditor to Corporate Debtor namely M/s S.S.K. Trading Pvt. Ltd., admitting with a direction of to commence moratorium in relation to all the debts of the applicants and further that during the moratorium period of 180 days – (a) any pending legal action or proceedings in respect of any debt qua the applicant shall be deemed to have been stayed; (b) the creditors shall not initiate any legal action or legal proceedings in respect of any debt qua the Respondents; and (c) the debtors shall not transfer, alienate, encumber or dispose of any of the assets or his legal right or beneficiary interest therein, the instant appeals preferred by the assessee(s) cannot be proceeded with and therefore, dismissed. However, the assessee(s) would be at liberty to take appropriate steps to file fresh appeals, if so advised, on the final outcome of the proceedings before the NCALT. We order accordingly.

5.

In the result, assessees’ appeals are dismissed.

Order pronounced in open court on 28.01.2026.

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