Tag Archives: Shaifali Steels Ltd.

Set-off of Income-tax Refunds Against Extinguished Pre-CIRP Dues Post-Resolution Plan Approval Is Legally Unsustainable

By | August 29, 2026

Set-off of Income-tax Refunds Against Extinguished Pre-CIRP Dues Post-Resolution Plan Approval Is Legally Unsustainable Set-off of Income-tax Refunds Against Extinguished Pre-CIRP Dues Post-Resolution Plan Approval Is Legally Unsustainable Issue Whether the Income-tax Department can adjust valid tax refunds for AYs 2018-19 to 2023-24 under Section 245 against outstanding tax dues that were waived and extinguished… Read More »