https://www.taxtmi.com/caselaws?id=471300 Approved insolvency resolution plans that expressly extinguish tax payables and receivables for periods before their effective date preclude subsequent survival of those claims. A tax adjustment or disallowance relating to the pre-effective-date period cannot be sustained where it falls within liabilities extinguished by the plan. Tax dues and receivables incorporated into the approved plan likewise cease to survive for that period. The operative effect is to bar pre-effective-date tax claims, including disallowances connected with extinguished liabilities. en-us Fri, 04 Apr 2025 00:00:00 +0530 Fri, 28 Aug 2026 20:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471300 Approved insolvency resolution plans that expressly extinguish tax payables and receivables for periods before their effective date preclude subsequent survival of those claims. A tax adjustment or disallowance relating to the pre-effective-date period cannot be sustained where it falls within liabilities extinguished by the plan. Tax dues and receivables incorporated into the approved plan likewise cease to survive for that period. The operative effect is to bar pre-effective-date tax claims, including disallowances connected with extinguished liabilities. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471300