https://www.taxtmi.com/caselaws?id=463938 ITAT MUMBAI - AT held that the NCLT order approving a resolution plan (effective 05.10.2021) binds the corporate debtor, creditors and stakeholders and freezes claims so the resolution applicant takes a clean slate. Noting the Revenue was a party to the NCLT proceedings, the Tribunal found the PCIT's issuance of a revision notice dated 16.02.2022 under section 263 was without lawful sanction and invalid. The Tribunal relied on SC authority that an approved resolution plan precludes surprise claims against the resolution applicant. en-us Fri, 02 Sep 2022 00:00:00 +0530 Fri, 19 Sep 2025 12:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463938 ITAT MUMBAI - AT held that the NCLT order approving a resolution plan (effective 05.10.2021) binds the corporate debtor, creditors and stakeholders and freezes claims so the resolution applicant takes a clean slate. Noting the Revenue was a party to the NCLT proceedings, the Tribunal found the PCIT's issuance of a revision notice dated 16.02.2022 under section 263 was without lawful sanction and invalid. The Tribunal relied on SC authority that an approved resolution plan precludes surprise claims against the resolution applicant. Case-Laws Income Tax Fri, 02 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463938