https://www.taxtmi.com/caselaws?id=760016 The Gujarat HC quashed a demand notice issued by State Tax Officer for recovery of outstanding dues under Gujarat Value Added Tax Act, 2003. The court held that since the Assistant Commissioner of State Tax had lodged claims as operational creditor during CIRP proceedings before NCLT and did not object to the resolution plan's approval, all claims stood extinguished upon plan approval. The court applied settled legal principle that once resolution plan is approved, no claims can be made by any entity including State Tax Authority. en-us Thu, 03 Oct 2024 00:00:00 +0530 Tue, 15 Oct 2024 08:39:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760016 The Gujarat HC quashed a demand notice issued by State Tax Officer for recovery of outstanding dues under Gujarat Value Added Tax Act, 2003. The court held that since the Assistant Commissioner of State Tax had lodged claims as operational creditor during CIRP proceedings before NCLT and did not object to the resolution plan's approval, all claims stood extinguished upon plan approval. The court applied settled legal principle that once resolution plan is approved, no claims can be made by any entity including State Tax Authority. Case-Laws VAT / Sales Tax Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760016