Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]

The court found the appeal infructuous due to the respondent company’s liquidation and the approved resolution plan by the NCLT
By Sneha Sukumaran Mullakkal - On August 14, 2024 1:37 pm - 2 mins read
Income Tax - NCLT - NCLT Resolution Plan - Calcutta HC - TAXSCAN

In the recent case, the Calcutta High Court dismissed the appeal filed by the Income Tax Department challenging a ruling by the Income Tax Appellate Tribunal ( ITAT ). The court deemed the appeal infructuous due to the respondent company’s liquidation and the approval of its resolution plan by the National Company Law Tribunal (…

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