HC dismisses appeal for inclusion of Statutory Income Tax dues in already approved Resolution Plan 

PCIT Vs Jubilant Energy Kharsang (P) Ltd. (Delhi High Court) Introduction: The Delhi High Court renders a significant judgment on an appeal involving Assessment Year (AY) 2008-09. The appellant/revenue challenges the order dated 30.12.2016, issued by the Income Tax Appellate Tribunal (Tribunal). This appeal focuses on the aftermath of a modified resolution plan approved by the National Company Law Tribunal (NCLT) on 04.02.2020. Detailed Analysis: Initiated in 2017, the appeal faced delays but progressed to a substantive hearing on 25.07.2023. During this hearing, the counsel for the respondent...