https://www.taxtmi.com/caselaws?id=789057 Under the Insolvency and Bankruptcy Code, 2016, the clean slate principle was applied only to pre-CIRP claims and not to tax liabilities arising during the CIRP period unless the approved resolution plan specifically extinguished them. Because the resolution plan and information memorandum disclosed pending tax matters, and the NCLT had not granted a blanket waiver of statutory dues, reassessment and consequential assessment for Assessment Year 2018-19 were held valid. The court also noted that the return was not filed within time and the taxpayer had not pursued statutory condonation relief under the Income-tax Act, 1961. en-us Mon, 16 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789057 Under the Insolvency and Bankruptcy Code, 2016, the clean slate principle was applied only to pre-CIRP claims and not to tax liabilities arising during the CIRP period unless the approved resolution plan specifically extinguished them. Because the resolution plan and information memorandum disclosed pending tax matters, and the NCLT had not granted a blanket waiver of statutory dues, reassessment and consequential assessment for Assessment Year 2018-19 were held valid. The court also noted that the return was not filed within time and the taxpayer had not pursued statutory condonation relief under the Income-tax Act, 1961. Case-Laws Income Tax Mon, 16 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789057