https://www.taxtmi.com/caselaws?id=790568 Approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 can extinguish pre-approval tax claims where the plan expressly provides for waiver of assessed and unassessed liabilities. On that settled principle, claims not forming part of the approved plan stand frozen against the corporate debtor and cannot be continued or initiated after approval. Applying that effect, the Gujarat HC held that once the assessee's pre-approval income tax liabilities were extinguished, there was no surviving basis for the reassessment notice under Section 148 or the order under Section 148A(d), and both were quashed. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790568 Approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 can extinguish pre-approval tax claims where the plan expressly provides for waiver of assessed and unassessed liabilities. On that settled principle, claims not forming part of the approved plan stand frozen against the corporate debtor and cannot be continued or initiated after approval. Applying that effect, the Gujarat HC held that once the assessee's pre-approval income tax liabilities were extinguished, there was no surviving basis for the reassessment notice under Section 148 or the order under Section 148A(d), and both were quashed. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790568