https://www.taxtmi.com/caselaws?id=793529 An approved resolution plan under the Insolvency and Bankruptcy Code can extinguish pre-effective-date income-tax claims where the plan expressly settles all prior claims, liabilities, demands and dues and no income-tax claim was submitted in the resolution process. On that basis, pre-effective-date additions could not support an enforceable tax demand against the assessee. A separate clean-slate objection was not accepted to deny carry forward of losses, because the loss issue was treated as relevant to the resolution process and had not been raised before the resolution forum. The commentary notes relief to the assessee on the substantive tax issue and rejection of the Revenue's contrary position. en-us Mon, 11 May 2026 00:00:00 +0530 Thu, 18 Jun 2026 08:45:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793529 An approved resolution plan under the Insolvency and Bankruptcy Code can extinguish pre-effective-date income-tax claims where the plan expressly settles all prior claims, liabilities, demands and dues and no income-tax claim was submitted in the resolution process. On that basis, pre-effective-date additions could not support an enforceable tax demand against the assessee. A separate clean-slate objection was not accepted to deny carry forward of losses, because the loss issue was treated as relevant to the resolution process and had not been raised before the resolution forum. The commentary notes relief to the assessee on the substantive tax issue and rejection of the Revenue's contrary position. Case-Laws Income Tax Mon, 11 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793529