https://www.taxtmi.com/caselaws?id=781282 Bombay HC held that reassessment proceedings for A.Y. 2019-20 cannot proceed because the alleged escapement relates to a period prior to approval of the resolution plan and past claims stood extinguished by the Plan Approval Order; no claim was filed during the CIRP, and permitting reassessment would derail the resolution process. The court relied on SC precedent (Ghanshyam Mishra) and subsequent SC authority (Vaibhav Goel) affirming that demands raised after NCLT approval of a resolution plan are invalid, and therefore quashed the reassessment for the relevant assessment year. en-us Tue, 04 Nov 2025 00:00:00 +0530 Thu, 13 Nov 2025 08:14:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781282 Bombay HC held that reassessment proceedings for A.Y. 2019-20 cannot proceed because the alleged escapement relates to a period prior to approval of the resolution plan and past claims stood extinguished by the Plan Approval Order; no claim was filed during the CIRP, and permitting reassessment would derail the resolution process. The court relied on SC precedent (Ghanshyam Mishra) and subsequent SC authority (Vaibhav Goel) affirming that demands raised after NCLT approval of a resolution plan are invalid, and therefore quashed the reassessment for the relevant assessment year. Case-Laws Income Tax Tue, 04 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781282