https://www.taxtmi.com/caselaws?id=788701 Upon approval of a resolution plan, pre-resolution statutory dues and income tax claims that were not filed in the insolvency process and were not included in the plan are treated as extinguished against the successful resolution applicant, reflecting the clean slate principle in insolvency resolution. Reliefs, concessions and waivers relating to income tax liabilities, however, remain subject to the approval mechanism under the Income Tax Act and are not granted merely by plan approval. The tax authority's requirement that such concessions be pursued before the competent authority was upheld. en-us Thu, 19 Mar 2026 00:00:00 +0530 Fri, 27 Mar 2026 08:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788701 Upon approval of a resolution plan, pre-resolution statutory dues and income tax claims that were not filed in the insolvency process and were not included in the plan are treated as extinguished against the successful resolution applicant, reflecting the clean slate principle in insolvency resolution. Reliefs, concessions and waivers relating to income tax liabilities, however, remain subject to the approval mechanism under the Income Tax Act and are not granted merely by plan approval. The tax authority's requirement that such concessions be pursued before the competent authority was upheld. Case-Laws IBC Thu, 19 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788701