{"id":64807,"date":"2026-10-05T16:14:05","date_gmt":"2026-10-05T10:44:05","guid":{"rendered":"https:\/\/itatonline.org\/digest\/v-hotels-ltd-v-nfac-2025-180-taxmann-com-840-bomhc\/"},"modified":"2026-10-05T16:14:05","modified_gmt":"2026-10-05T10:44:05","slug":"v-hotels-ltd-v-nfac-2025-180-taxmann-com-840-bomhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/v-hotels-ltd-v-nfac-2025-180-taxmann-com-840-bomhc\/","title":{"rendered":"V Hotels Ltd. v. NFAC [2025] 180 taxmann.com 840 (Bom)(HC)"},"content":{"rendered":"<p>Where NCLT approved the Resolution Plan of assessee on 26-4-2024 and, thereafter, the Board appointed by the Resolution Applicant filed the return of income for assessment year 2024-25, notices issued by Assessing Officer under sections 143(2) and 142(1) seeking information relating to the period prior to approval of the Resolution Plan were held to be unsustainable and without jurisdiction, since the approved Resolution Plan was binding on the corporate debtor and all stakeholders, including Government authorities, and all claims not forming part of the approved Resolution Plan stood extinguished.\u00a0 Followed, Ghanashyam Mishra &amp; Sons (P.) Ltd.\u00a0v.\u00a0Edelweiss Asset Reconstruction Co. Ltd.\u00a0\u00a0[2021] 126\u00a0 taxmann.com 132 (SC)\u00a0 and\u00a0Vaibhav Goel\u00a0v.\u00a0Dy. CIT\u00a0\u00a0[2025] 172\u00a0taxmann.com \u00a0601 (SC)\u00a0\u00a0 (AY. 2024-25)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 143 (3): Assessment-Insolvency proceedings-Resolution Plan approved by NCLT-Claims not forming part of the Resolution Plan extinguished-Notices issued thereafter for pre-approval of statutory dues without jurisdiction.[S. 142, 143(2), IBC, S. 31]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-64807","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-gRh","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=64807"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64807\/revisions"}],"predecessor-version":[{"id":64808,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/64807\/revisions\/64808"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=64807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=64807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=64807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}