https://www.taxtmi.com/caselaws?id=752753 The Gujarat HC disposed of tax appeals as abated following implementation of a resolution plan under the Insolvency and Bankruptcy Code. The court applied the Supreme Court precedent in Ghanashyam Mishra and Sons v. Edelweiss Asset Reconstruction, holding that liabilities extinguished upon change in management and control under IBC Sections 31 and 32A. The appeals became infructuous due to identical facts with a previous 2022 order. Consequently, the proposed questions remained unanswered and related civil applications were also disposed of. en-us Wed, 01 May 2024 00:00:00 +0530 Fri, 17 May 2024 08:33:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752753 The Gujarat HC disposed of tax appeals as abated following implementation of a resolution plan under the Insolvency and Bankruptcy Code. The court applied the Supreme Court precedent in Ghanashyam Mishra and Sons v. Edelweiss Asset Reconstruction, holding that liabilities extinguished upon change in management and control under IBC Sections 31 and 32A. The appeals became infructuous due to identical facts with a previous 2022 order. Consequently, the proposed questions remained unanswered and related civil applications were also disposed of. Case-Laws Customs Wed, 01 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752753