Claim of ITR Dues extinguishes upon Approval of RP if not part of RP: ITAT [Read Order]

Claim of ITR Dues extinguishes upon Approval of RP if not part of RP, rules ITAT
ITR - Income Tax - ITAT - ITAT Nagpur - Resolution Plan - ITR dues - Resolution Plan approval - taxscan

The Nagpur Bench of the Income Tax Appellate Tribunal ( ITAT ) observed that all the claims of the income tax return ( ITR ) extinguish upon approval of Resolution Plan ( RP ) if not part of the RP. Under section 13 of the Code, the adjudicating authority after admission of the application under…

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