https://www.taxtmi.com/caselaws?id=776656 The HC held that income tax reassessment proceedings for AY 2020-21, predating the NCLT-approved Resolution Plan, cannot be initiated against the petitioner. The moratorium under CIRP, revived by the SC, protected the petitioner from such proceedings until the Resolution Plan approval extinguished all past claims. Following SC precedent in Ghanshyam Mishra and related HC decisions, the court quashed the reassessment notice issued under Section 148, ruling that tax claims prior to the Resolution Plan approval are barred. The petition was allowed, preventing the tax authorities from proceeding against the petitioner for alleged escapement of tax for the relevant period. en-us Wed, 06 Aug 2025 00:00:00 +0530 Thu, 14 Aug 2025 08:26:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776656 The HC held that income tax reassessment proceedings for AY 2020-21, predating the NCLT-approved Resolution Plan, cannot be initiated against the petitioner. The moratorium under CIRP, revived by the SC, protected the petitioner from such proceedings until the Resolution Plan approval extinguished all past claims. Following SC precedent in Ghanshyam Mishra and related HC decisions, the court quashed the reassessment notice issued under Section 148, ruling that tax claims prior to the Resolution Plan approval are barred. The petition was allowed, preventing the tax authorities from proceeding against the petitioner for alleged escapement of tax for the relevant period. Case-Laws Income Tax Wed, 06 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776656