Taxmen defy 'clean slate' rule, hit insolvent firms with fresh demands

  • Posted on April 11, 2025
  • By Business News Today
  • 3 Views
Taxmen defy 'clean slate' rule, hit insolvent firms with fresh demands

Despite the IBC's 'clean slate' provision and court rulings, tax authorities are levying fresh tax demands on companies emerging from insolvency, trapping resolution applicants in legal battles. Tata Steel and B&B Global Enterprises are among those facing tax claims related to pre-acquisition liabilities. Experts are calling for the tax department to clarify its stance and ensure consistent processes.
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