https://www.taxtmi.com/highlights?id=61626 Fresh demand of income tax after the Approval of Resolution Plan - Demand of Income Tax Dues after completion of scrutiny process - From the tone and tenor of the impugned notices what is evident is that respondents are seeking to pass assessment order under Section 143 (3) of the Act since the case of petitioner No.1 was selected for limited scrutiny under CASS. However, the period of the assessment order would be a period covered by the resolution plan - the claim of the Income Tax Department which is outside the resolution plan would stand extinguished. - HC en-us Tue, 25 Jan 2022 08:46:44 +0530 Tue, 25 Jan 2022 08:46:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61626 Fresh demand of income tax after the Approval of Resolution Plan - Demand of Income Tax Dues after completion of scrutiny process - From the tone and tenor of the impugned notices what is evident is that respondents are seeking to pass assessment order under Section 143 (3) of the Act since the case of petitioner No.1 was selected for limited scrutiny under CASS. However, the period of the assessment order would be a period covered by the resolution plan - the claim of the Income Tax Department which is outside the resolution plan would stand extinguished. - HC Highlights Insolvency and Bankruptcy Tue, 25 Jan 2022 08:46:44 +0530 https://www.taxtmi.com/highlights?id=61626