The High Court held that where an NCLT approved resolution plan settled all government claims including tax dues, a notice under section 148 for a period prior to the closing date was invalid. Revenue’s SLP was dismissed.
Pr. CIT v. Patanjali Foods Ltd. (2025) 303 Taxman 330 / 474 ITR 339 (SC) Editorial: Pr. CIT v. Patanjali Foods Ltd. (2024) 161 taxmann.com 675 / 474 ITR 333 (Bom.)(HC)
S. 148 : Reassessment-Notice-Issued after approval of resolution plan by NCLT for a prior period-Invalid-SLP dismissed. Insolvency and Bankruptcy Code, 2016, S. 31, Art. 136]
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