https://www.taxtmi.com/caselaws?id=420364 Income-tax proceedings and recovery of pre-resolution tax dues could not continue against a company that had undergone corporate insolvency resolution, was later liquidated, and had been dissolved by the NCLT. Applying the effect of Section 31(1) of the Insolvency and Bankruptcy Code, 2016, the Tribunal noted that claims not forming part of an approved resolution plan stand extinguished, and once the company ceased to exist, no proceedings could be maintained in its name. The tax demand could not be recovered from the dissolved company, and the appeal became infructuous. en-us Fri, 25 Mar 2022 00:00:00 +0530 Fri, 01 Apr 2022 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420364 Income-tax proceedings and recovery of pre-resolution tax dues could not continue against a company that had undergone corporate insolvency resolution, was later liquidated, and had been dissolved by the NCLT. Applying the effect of Section 31(1) of the Insolvency and Bankruptcy Code, 2016, the Tribunal noted that claims not forming part of an approved resolution plan stand extinguished, and once the company ceased to exist, no proceedings could be maintained in its name. The tax demand could not be recovered from the dissolved company, and the appeal became infructuous. Case-Laws Income Tax Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420364