https://www.taxtmi.com/caselaws?id=788536 Approval of a resolution plan under the Insolvency and Bankruptcy Code is stated to extinguish liabilities of all stakeholders, including Government and statutory authorities, and the text notes this in the context of the Income-tax Department's power to initiate revision under Section 263. The Supreme Court records no grounds to interfere with the Gujarat High Court's view and dismisses the Special Leave Petition, leaving that position undisturbed. en-us Fri, 20 Mar 2026 00:00:00 +0530 Tue, 24 Mar 2026 08:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788536 Approval of a resolution plan under the Insolvency and Bankruptcy Code is stated to extinguish liabilities of all stakeholders, including Government and statutory authorities, and the text notes this in the context of the Income-tax Department's power to initiate revision under Section 263. The Supreme Court records no grounds to interfere with the Gujarat High Court's view and dismisses the Special Leave Petition, leaving that position undisturbed. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788536