https://www.taxtmi.com/caselaws?id=757395 During CIRP moratorium and liquidation under the Insolvency and Bankruptcy Code, a tax charge or red entry over the corporate debtor's properties could not be created or continued, and any such revenue entry made without notice to the liquidator was void in law. After approval of the acquisition plan and sale of the corporate debtor as a going concern, the clean slate principle applied, so tax dues not preserved in the plan stood extinguished and could not be enforced through revenue charges or priority claims. The revenue authorities were directed to remove the tax charge and red entries from the record. en-us Wed, 21 Aug 2024 00:00:00 +0530 Sat, 24 Aug 2024 09:04:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757395 During CIRP moratorium and liquidation under the Insolvency and Bankruptcy Code, a tax charge or red entry over the corporate debtor's properties could not be created or continued, and any such revenue entry made without notice to the liquidator was void in law. After approval of the acquisition plan and sale of the corporate debtor as a going concern, the clean slate principle applied, so tax dues not preserved in the plan stood extinguished and could not be enforced through revenue charges or priority claims. The revenue authorities were directed to remove the tax charge and red entries from the record. Case-Laws VAT and Sales Tax Wed, 21 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757395