ACIT, Delhi V. M/s. Amrapali Sapphire Developers Pvt. Ltd., Delhi

ITA 2783/DEL/2017

• Counselvise Citation: [2021] 108 COUNSELVISE.COM (IT) 6512 (ITAT-DELHI)
• Duration Of Justice: 3 year(s) 11 month(s) 3 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 08-04-2021
• Appeal Filed By: Department
• Order Result: Dismissed
• Bench Allotted: A
• Assessment Year: 2012-2013
• Appeal Filed On: 05-05-2017
• Result in Favour of: Assessee
• Court: TRIBUNAL

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL (DELHI BENCH D : NEW DELHI) BEFORE SHRI KULDIP SINGH, JUDICIAL MEMBER AND SHRI B.R.R. KUMAR, ACCOUNTANT MEMBER (THROUGH VIDEO CONFERENCE) ITA NO.2781/DEL./2017 (ASSESSMENT YEAR : 2010-11) ITA NO.2782/DEL./2017 (ASSESSMENT YEAR : 2011-12) ITA NO.2783/DEL./2017 (ASSESSMENT YEAR : 2012-13) ITA NO.2784/DEL./2017 (ASSESSMENT YEAR : 2013-14) ITA NO.2785/DEL./2017 (ASSESSMENT YEAR : 2014-15) ACIT, CENTRAL CIRCLE 1, VS. M/S. AMRAPALI SAPPHIRE DEVELOPERS PVT. LTD., NEW DELHI. R/O 307, 3 RD FLOOR, NIPUN TOWER, COMMUNITY CENTRE, KARKARDOOMA, DELHI 110 092. (PAN : AAHCA6215D) ITA NO.4368/DEL./2017 (ASSESSMENT YEAR : 2010-11) ACIT, CENTRAL CIRCLE 1, VS. M/S. AMRAPALI ZIDUAC DE VELOPERS PVT. LTD., NEW DELHI. R/O 307, 3 RD FLOOR, NIPUN TOWER, COMMUNITY CENTRE, KARKARDOOMA, DELHI 110 092. (PAN : AAICA1193M) ITA NO.2781 TO 2785/DEL./2017 ITA NO.4368/DEL./2017 ITA NO.3622/DEL./2017 ITA NO.3629 & 3630/DEL./2017 2 ITA NO.3622/DEL./2017 (ASSESSMENT YEAR : 2012-13) M/S. AMRAPALI EDEN PARK DEVELOPERS PVT. LTD., VS. J CIT, RANGE 73, 307, 3 RD FLOOR, NIPUN TOWER, NEW DELHI. COMMUNITY CENTRE, KARKARDOOMA, DELHI 110 092. (PAN : AAHCA6217B) ITA NO.3629/DEL./2017 (ASSESSMENT YEAR : 2012-13) M/S. AMRAPALI LEISURE VALLEY PVT. LTD., VS. ITO (T DS), WARD 49(1), 307, 3 RD FLOOR, NIPUN TOWER, NEW DELHI. COMMUNITY CENTRE, KARKARDOOMA, DELHI 110 092. (PAN : AAICA5579R) ITA NO.3630/DEL./2017 (ASSESSMENT YEAR : 2012-13) M/S. AMRAPALI LEISURE VALLEY PVT. LTD., VS. JCIT, RANGE 73, 307, 3 RD FLOOR, NIPUN TOWER, NEW DELHI. COMMUNITY CENTRE, KARKARDOOMA, DELHI 110 092. (PAN : AAICA5579R) (APPELLANT) (RESPONDENT) ASSESSEE BY : NONE REVENUE BY : NONE DATE OF HEARING : 08.04.2021 DATE OF ORDER : 08.04.2021 O R D E R PER BENCH : AFORESAID APPEALS HAVE BEEN FILED BY THE REVENUE AN D THE ASSESSEE CHALLENGING THE IMPUGNED ORDERS PASSED BY THE LD. CIT (A) PERTAINING TO AMRAPALI GROUP. ITA NO.2781 TO 2785/DEL./2017 ITA NO.4368/DEL./2017 ITA NO.3622/DEL./2017 ITA NO.3629 & 3630/DEL./2017 3 2. DURING THE HEARING, IT HAS COME ON RECORD BY VIR TUE OF THE ORDER DATED 17.03.2021 PASSED BY THE COORDINATE BEN CH OF THE TRIBUNAL IN ITA NOS.1948, 1949, 1950 & 1951/DEL/201 7 IN ACIT VS. M/S. AMRAPALI & SILICON PVT. LTD. & OTHER APPEALS THAT AMRAPALI GROUP TO WHICH THESE APPEALS BELONG H AS GONE INTO INSOLVENCY PROCEEDINGS IN INSOLVENCY AND BANKRUPTCY CODE, 2016 (FOR SHORT THE CODE). 3. IN VIEW OF THE MATTER, WE ARE OF THE CONSIDERED VIEW THAT SINCE AMRAPALI GROUP IS ALREADY UNDERGOING INSOLVEN CY PROCEEDINGS UNDER THE CODE IN WHICH RESOLUTION PROF ESSIONALS HAVE ALREADY BEEN APPOINTED, NO PROCEEDINGS CAN CONTINUE AGAINST THE CORPORATE DEBTOR I.E. ASSESSEE UNDER SECTION 14 OF THE CODE. LIKEWISE, SECTION 238 OF THE CODE WILL HAVE OVERRID ING EFFECT ON ALL OTHER CENTRAL AND STATE STATUTES INCLUDING THE INCO ME-TAX ACT AND ALL THE CLAIMS INCLUDING CLAIM OF THE ASSESSEE AS W ELL AS REVENUE DEPARTMENT SHALL BE ENTERTAINED IN ACCORDANCE WITH THE CODE. CONSEQUENTLY, ALL THE AFORESAID APPEALS FILED BY TH E REVENUE AND ASSESSEE ARE HEREBY DISMISSED WITH LIBERTY TO THE R EVENUE AS WELL ITA NO.2781 TO 2785/DEL./2017 ITA NO.4368/DEL./2017 ITA NO.3622/DEL./2017 ITA NO.3629 & 3630/DEL./2017 4 AS THE ASSESSEE TO GET IT RESTORED, IF SO REQUIRES, AFTER CONCLUSION OF RESOLUTION PROCESS UNDER THE CODE. ORDER PRONOUNCED IN OPEN COURT ON THIS 8 TH DAY OF APRIL , 2021 AFTER THE CONCLUSION OF THE VIRTUAL HEARING. SD/- SD/- (B.R.R. KUMAR) (KULDIP SINGH) ACCOUNTANT MEMBER JUDICIAL MEMBER DATED THE 8 TH DAY OF APRIL, 2021 TS COPY FORWARDED TO: 1.APPELLANT 2.RESPONDENT 3.CIT 4.CIT(A) 5.CIT(ITAT), NEW DELHI. AR, ITAT NEW DELHI.