https://www.taxtmi.com/caselaws?id=791543 Income-tax claims relating to a period before approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 cannot be revived if they are not provided for in the plan. The approved plan in this matter expressly extinguished all pre-effective-date income-tax liabilities, including assessed or unassessed dues and pending assessment or appellate proceedings. Applying Section 31 of the IBC, the Court noted that pre-resolution claims outside the plan stand frozen and extinguished, and no further assessment or recovery action can continue against the corporate debtor or the resolution applicant. The assessment order and demand notice for the earlier assessment year were therefore liable to be quashed. en-us Thu, 07 May 2026 00:00:00 +0530 Wed, 13 May 2026 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791543 Income-tax claims relating to a period before approval of a resolution plan under the Insolvency and Bankruptcy Code, 2016 cannot be revived if they are not provided for in the plan. The approved plan in this matter expressly extinguished all pre-effective-date income-tax liabilities, including assessed or unassessed dues and pending assessment or appellate proceedings. Applying Section 31 of the IBC, the Court noted that pre-resolution claims outside the plan stand frozen and extinguished, and no further assessment or recovery action can continue against the corporate debtor or the resolution applicant. The assessment order and demand notice for the earlier assessment year were therefore liable to be quashed. Case-Laws Income Tax Thu, 07 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791543