https://www.taxtmi.com/caselaws?id=752831 An uncrystallised pre-resolution tax liability that had not been quantified when the resolution plan was approved could not be enforced on the existing record, because the demand arose while assessment proceedings were still at the notice and document-production stage. The Court held that the assessing authority had to examine whether the approved resolution plan satisfied Section 30(2) of the Insolvency and Bankruptcy Code, including its treatment of statutory dues, before enforcing the demand. As no such finding had been recorded, the assessment was set aside and the matter remitted for fresh consideration under the insolvency framework. en-us Tue, 27 Feb 2024 00:00:00 +0530 Sat, 18 May 2024 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752831 An uncrystallised pre-resolution tax liability that had not been quantified when the resolution plan was approved could not be enforced on the existing record, because the demand arose while assessment proceedings were still at the notice and document-production stage. The Court held that the assessing authority had to examine whether the approved resolution plan satisfied Section 30(2) of the Insolvency and Bankruptcy Code, including its treatment of statutory dues, before enforcing the demand. As no such finding had been recorded, the assessment was set aside and the matter remitted for fresh consideration under the insolvency framework. Case-Laws VAT and Sales Tax Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752831