Suraksha Realty Ltd. & Anr. filed a civil appeal against the Deputy Commissioner of Income Tax & Anr. The case concerns a housing project affecting about 20,000 home buyers, some of whom made bookings as early as 2008. The Corporate Insolvency Resolution Process commenced in 2017. The court is examining the validity of an assessment order, exercising its jurisdiction under Article 142 and Article 136 of the Constitution of India. The Chairperson of the Central Board of Direct Taxes is directed to examine the assessment order and file an affidavit within 25 days. The case is re-listed in the week commencing 13.05.2024. The resolution plan for construction of the housing project is at a standstill.

Suraksha Realty Ltd. & Anr. filed a civil appeal against the Deputy Commissioner of Income Tax & Anr. The case concerns a housing project affecting about 20,000 home buyers, some of whom made bookings as early as 2008. The Corporate Insolvency Resolution Process commenced in 2017. The court is examining the validity of an assessment order, exercising its jurisdiction under Article 142 and Article 136 of the Constitution of India. The Chairperson of the Central Board of Direct Taxes is directed to examine the assessment order and file an affidavit within 25 days. The case is re-listed in the week commencing 13.05.2024. The resolution plan for construction of the housing project is at a standstill.