https://www.taxtmi.com/caselaws?id=782387 HC held that once a Resolution Plan is approved by NCLT, it is binding on the corporate debtor and all stakeholders, including tax authorities, and all claims not forming part of the Plan stand extinguished. Relying on SC precedent and its own earlier order in the petitioner's case, HC ruled that income tax notices under Sections 143(2) and 142(1) for A.Y. 2024-25, relating to the period prior to approval of the Resolution Plan dated 26 April 2024, are unsustainable and without jurisdiction. The impugned notices were quashed, reaffirming that the successful resolution applicant revives the corporate debtor on a clean slate basis. en-us Mon, 17 Nov 2025 00:00:00 +0530 Fri, 28 Nov 2025 08:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782387 HC held that once a Resolution Plan is approved by NCLT, it is binding on the corporate debtor and all stakeholders, including tax authorities, and all claims not forming part of the Plan stand extinguished. Relying on SC precedent and its own earlier order in the petitioner's case, HC ruled that income tax notices under Sections 143(2) and 142(1) for A.Y. 2024-25, relating to the period prior to approval of the Resolution Plan dated 26 April 2024, are unsustainable and without jurisdiction. The impugned notices were quashed, reaffirming that the successful resolution applicant revives the corporate debtor on a clean slate basis. Case-Laws Income Tax Mon, 17 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782387