Bombay HC Upholds Extinguishment of Pre-Resolution Claims [Read Order]
The Bombay High Court has allowed challenging two notices issued by the National Faceless Assessment Centre under the Income Tax Act, 1961, for Assessment Year 2024-25 and upheld the extinguishment of Pre-Resolution Claims. It was observed that an approved resolution plan is binding on all stakeholders, including government authorities, and any claim not part of…

