Telangana HC Directs Fresh Income Tax order considering Resolution Plan Approval

NSL Mining Resources India Pvt Ltd Vs Union of India (Telangana High Court) The Telangana High Court, in the case of NSL Mining Resources India Pvt Ltd Vs. Union of India, directed the Income Tax Department to issue a fresh order concerning a tax demand of over ₹143 crore for the Assessment Year 2019-20. The petitioner, NSL Mining Resources, challenged the demand notice issued on March 20, 2025, arguing that the tax liability was extinguished following the approval of its Resolution Plan by the National Company Law Tribunal (NCLT), Hyderabad, on February 1, 2024. The petitioner contended tha...