Carry-Forward of Losses Allowed Because IBC Resolution Doesn’t Extinguish Tax Rights

JSW Steel Coated Products Ltd. Vs DCIT (ITAT Mumbai)

IBC Resolution Doesn’t Extinguish Statutory Loss Carry-Forward: ITAT Mumbai Restores Claim of ₹3,926 Cr Business Losses to AO

The Mumbai ITAT “F” Bench allowed the appeal of JSW Steel Coated Products Ltd. (successor of Asian Colour Coated Ispat Ltd.) in ITA No. 3407/Mum/2025 for AY 2021-22, holding that carry-forward of business losses cannot be denied merely by treating the appeal as infructuous on account of an IBC r

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