https://www.taxtmi.com/caselaws?id=769534 The ITAT Ahmedabad dismissed the department's appeal and allowed the assessee's appeal regarding income tax demand against a dissolved company. The tribunal held that since the assessment was completed and demand raised on 01.12.2017, but the NCLT order under IBC was passed on 06.12.2023, and the department failed to file any claim for tax recovery in the Resolution Plan, the department cannot now claim and recover arrears that accrued prior to the Resolution Plan's approval under section 31 of IBC. en-us Thu, 24 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769534 The ITAT Ahmedabad dismissed the department's appeal and allowed the assessee's appeal regarding income tax demand against a dissolved company. The tribunal held that since the assessment was completed and demand raised on 01.12.2017, but the NCLT order under IBC was passed on 06.12.2023, and the department failed to file any claim for tax recovery in the Resolution Plan, the department cannot now claim and recover arrears that accrued prior to the Resolution Plan's approval under section 31 of IBC. Case-Laws Income Tax Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769534