https://www.taxtmi.com/highlights?id=72914 Revenue entitlement to recover dues for the period which precedes the date of approval of the RP by the NCLT under IBC - Extinguishment of liability as per the approved resolution plan - A successful applicant is, in law, provided with a “clean slate”; therefore, dues for the period prior to the date when the RP was approved cannot be recovered. The courts have recognized this principle in more than one case. - HC en-us Sun, 05 Nov 2023 10:54:30 +0530 Sun, 05 Nov 2023 10:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72914 Revenue entitlement to recover dues for the period which precedes the date of approval of the RP by the NCLT under IBC - Extinguishment of liability as per the approved resolution plan - A successful applicant is, in law, provided with a “clean slate”; therefore, dues for the period prior to the date when the RP was approved cannot be recovered. The courts have recognized this principle in more than one case. - HC Highlights Income Tax Sun, 05 Nov 2023 10:54:30 +0530 https://www.taxtmi.com/highlights?id=72914