https://www.taxtmi.com/caselaws?id=802411 An approved resolution plan binds governmental creditors under section 31 of the Insolvency and Bankruptcy Code, while section 238 gives the Code overriding effect. The clean slate principle extinguishes pre-plan tax claims not included in the approved plan, precluding reassessment of the corporate debtor for those claims. Reassessment under sections 147 and 148 of the Income-tax Act addresses income escaping assessment and cannot be initiated against the corporate debtor to gather evidence concerning former management or third parties. Other statutory inquiry powers remain available. en-us Thu, 29 Oct 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802411 An approved resolution plan binds governmental creditors under section 31 of the Insolvency and Bankruptcy Code, while section 238 gives the Code overriding effect. The clean slate principle extinguishes pre-plan tax claims not included in the approved plan, precluding reassessment of the corporate debtor for those claims. Reassessment under sections 147 and 148 of the Income-tax Act addresses income escaping assessment and cannot be initiated against the corporate debtor to gather evidence concerning former management or third parties. Other statutory inquiry powers remain available. Case-Laws Income Tax Thu, 29 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802411