Approved Resolution Plan under IBC binds all statutory authorities, extinguishing prior tax claims and terminating pending Income Tax proceedings.
Approved Resolution Plan under IBC binds all statutory authorities, extinguishing prior tax claims and terminating pending Income Tax proceedings. Issue Whether an Income Tax Appellate Tribunal (ITAT) is bound by an approved Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC), requiring the dismissal of Revenue’s pending tax appeals and allowing… Read More »