https://www.taxtmi.com/caselaws?id=782536 SC dismissed the revenue's SLP challenging the order relating to revision under s.263 against an insolvent company. Relying on its earlier decision on the binding nature of an approved resolution plan, SC held that once the plan is approved by NCLT, no belated statutory dues claim, including tax demands not earlier raised, can be incorporated. Entertaining such post-approval claims would defeat the objective of giving the corporate debtor a fresh start and impede recommencement of business on a clean slate. en-us Tue, 11 Mar 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782536 SC dismissed the revenue's SLP challenging the order relating to revision under s.263 against an insolvent company. Relying on its earlier decision on the binding nature of an approved resolution plan, SC held that once the plan is approved by NCLT, no belated statutory dues claim, including tax demands not earlier raised, can be incorporated. Entertaining such post-approval claims would defeat the objective of giving the corporate debtor a fresh start and impede recommencement of business on a clean slate. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782536