V Hotels Limited Versus The National Faceless Assessment Centre, Delhi & Ors.
Case No: WRIT PETITION (L) NO.34996 OF 2025
Court: HIGH COURT OF JUDICATURE AT BOMBAY
Date: 11/17/2025
Parties Involved
PetitionerV Hotels Limited
RespondentsThe National Faceless Assessment Centre, Delhi & Ors.
Facts Summary
The Petitioner, V Hotels Limited, is challenging the notices issued by the Respondents under Sections 143(2) and 142(1) of the Income Tax Act, 1961 for the Assessment Year 2024-25. The Petitioner contends that prior to the initiation of these assessment proceedings, the NCLT had admitted an application under the Insolvency and Bankruptcy Code, 2016 and declared a moratorium. The NCLAT had set aside the NCLT's order, but the Supreme Court restored it. Subsequently, the NCLT approved a Resolution …
Decision in favour of
Assessee
Legal Issues
- 1. Whether the notices issued under Sections 143(2) and 142(1) of the Income Tax Act, 1961 are sustainable in light of the approved Resolution Plan by the NCLT.
Precedents Relied Upon
6 precedents cited in this judgement.