Income Tax Demand Quashed as Resolution Plan Extinguished Pre-CIRP Tax Dues

Swastik Ceracon Ltd. Vs DCIT (Gujarat High Court) The petition challenged an Assessment Order dated 12.03.2026 passed under Sections 147, 250, and 144B of the Income Tax Act, 1961, along with a Demand Notice of the same date relating to Assessment Year 2011-12. The petitioner company had filed its return of income for AY 2011-12. An assessment order dated 17.12.2018 had earlier been passed under Section 147, raising a tax demand of ₹2,01,86,860, which was challenged before the Commissioner of Income Tax (Appeals). Meanwhile, the company was admitted into Corporate Insolvency Resolution Proce...