Resolution Plan Approved in CIRP: Applicant Allowed to Carry Forward Losses per Income Tax Act, NCLAT Confirms No Error. https://www.taxtmi.com/highlights?id=74859 CIRP - Approval of resolution plan - Entitlement to carry forward accumulated losses as per Section 79(2) of the Income Tax Act - Adjudicating Authority has issued direction to the Successful Resolution Application to approach the concerned statutory authority for the concessions - NCLAT found no error in the order of NCLT. en-us Tue, 13 Feb 2024 07:43:21 +0530 Tue, 13 Feb 2024 07:43:21 +0530 TaxTMI RSS Generator Resolution Plan Approved in CIRP: Applicant Allowed to Carry Forward Losses per Income Tax Act, NCLAT Confirms No Error. https://www.taxtmi.com/highlights?id=74859 CIRP - Approval of resolution plan - Entitlement to carry forward accumulated losses as per Section 79(2) of the Income Tax Act - Adjudicating Authority has issued direction to the Successful Resolution Application to approach the concerned statutory authority for the concessions - NCLAT found no error in the order of NCLT. Highlights Insolvency and Bankruptcy Tue, 13 Feb 2024 07:43:21 +0530 https://www.taxtmi.com/highlights?id=74859