2021 (12) TMI 1321

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..... SC ORDER] held Official Liquidator has filed a report that the Respondent-Company (Moser Bear India Ltd.) is not financially viable and is under liquidation in proceedings pending before the National Company Law Tribunal. Even if the Appellant-Revenue were to succeed, the Official Liquidator is not in a position to pay the tax amount involved in these appeals. Indisputedly, the respondent-Com .....

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..... haudhari, Adv. For the Respondent : Mr.Upvan Gupta, Adv. for Official Liquidator ORDER Learned counsel for the parties have drawn the attention of this Court to the order dated 21st July, 2020 passed by the Apex Court in Civil Appeal No.4705/2014 wherein the appeal filed by the Revenue was disposed of leaving the question of law open as the company in question was in liquidation and .....

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..... o dispose of these appeals, leaving the question of law open to be decided in appropriate case. Ordered accordingly. Pending applications, if any, stand disposed of. Learned counsel for the Revenue is directed to obtain instruction as to whether the Revenue would like to pursue the appeals filed by it. To await instruction, list on 16th March, 2022. - - TaxTMI - TMITax - Income T .....

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