Resolution Plan Approved in CIRP: Applicant Allowed to Carry Forward Losses per Income Tax Act, NCLAT Confirms No Error.

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....CIRP - Approval of resolution plan - Entitlement to carry forward accumulated losses as per Section 79(2) of the Income Tax Act - Adjudicating Authority has issued direction to the Successful Resolution Application to approach the concerned statutory authority for the concessions - NCLAT found no error in the order of NCLT.....