https://www.taxtmi.com/caselaws?id=767998 Gujarat HC quashed a revision notice under Section 263 issued against a dissolved company. The court held that following approval of a resolution plan on 12.10.2023, which provided for complete waiver and extinguishment of all tax liabilities prior to NCLT approval, no occasion arose for revenue authorities to revise the assessment order for AY 2015-16. Relying on SC precedents in Essar and Edelweiss cases, the court ruled the revision notice became academic post-resolution plan approval and allowed the petition. en-us Tue, 11 Mar 2025 00:00:00 +0530 Fri, 28 Mar 2025 08:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767998 Gujarat HC quashed a revision notice under Section 263 issued against a dissolved company. The court held that following approval of a resolution plan on 12.10.2023, which provided for complete waiver and extinguishment of all tax liabilities prior to NCLT approval, no occasion arose for revenue authorities to revise the assessment order for AY 2015-16. Relying on SC precedents in Essar and Edelweiss cases, the court ruled the revision notice became academic post-resolution plan approval and allowed the petition. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767998