https://www.taxtmi.com/caselaws?id=416416 The HC held that income-tax notices under s.148 issued to the corporate debtor after approval of a resolution plan under the IBC were invalid where the tax authority failed to raise its claim during the insolvency process following the public announcement by the resolution professional. Absent any provision in the IT Act permitting post-plan reopening of assessments for claims not lodged or provided for in the resolution plan, the notices were quashed as beyond jurisdiction. The court rejected maintainability objections and allowed the petitions, deciding in favor of the assessee. en-us Thu, 23 Dec 2021 00:00:00 +0530 Tue, 18 Nov 2025 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416416 The HC held that income-tax notices under s.148 issued to the corporate debtor after approval of a resolution plan under the IBC were invalid where the tax authority failed to raise its claim during the insolvency process following the public announcement by the resolution professional. Absent any provision in the IT Act permitting post-plan reopening of assessments for claims not lodged or provided for in the resolution plan, the notices were quashed as beyond jurisdiction. The court rejected maintainability objections and allowed the petitions, deciding in favor of the assessee. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416416