https://www.taxtmi.com/caselaws?id=789511 Approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 binds all stakeholders, including tax authorities, and extinguishes claims not forming part of the approved plan. Pre-resolution tax liabilities cannot be pursued after approval, and the relevant factor is the period to which the liability relates, not the date of the assessment or reassessment order. Penalty proceedings, being consequential to the underlying tax liability, also cannot continue once the principal claim stands extinguished. Proceedings relating to assessment years before plan approval were therefore without jurisdiction and unsustainable. en-us Mon, 06 Apr 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789511 Approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 binds all stakeholders, including tax authorities, and extinguishes claims not forming part of the approved plan. Pre-resolution tax liabilities cannot be pursued after approval, and the relevant factor is the period to which the liability relates, not the date of the assessment or reassessment order. Penalty proceedings, being consequential to the underlying tax liability, also cannot continue once the principal claim stands extinguished. Proceedings relating to assessment years before plan approval were therefore without jurisdiction and unsustainable. Case-Laws Income Tax Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789511