Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
← back
Informative
No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC
Income TaxInsolvency & Bankruptcy Code
Gujarat HC ruled that no Section 263 notice can be issued after resolution plan approval on the extinguishment of corporate debtor's tax liabilities. This decision provides clarity on the timing of tax liability assessments. The ruling protects resolved corporate debtors from further tax scrutiny. This ruling protects corporate debtors. This decision is important for corporations.
