https://www.taxtmi.com/caselaws?id=105935 Amalgamation was treated as a transfer of ownership because the transferor-company ceased to exist and its rights and business passed to the transferee under the scheme. The statutory excise framework, which made licences personal and non-transferable except with permission and prescribed consequences, was read as authorising regulation of licence transfers and the levy of transfer fees. A notification fixing such fees applied to a pending substitution request because the fee was linked to transfer during the relevant financial year, not merely to the date of application. On these principles, the challenge to transfer fees failed. en-us Wed, 17 Nov 1999 00:00:00 +0530 Mon, 12 Mar 2012 10:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105935 Amalgamation was treated as a transfer of ownership because the transferor-company ceased to exist and its rights and business passed to the transferee under the scheme. The statutory excise framework, which made licences personal and non-transferable except with permission and prescribed consequences, was read as authorising regulation of licence transfers and the levy of transfer fees. A notification fixing such fees applied to a pending substitution request because the fee was linked to transfer during the relevant financial year, not merely to the date of application. On these principles, the challenge to transfer fees failed. Case-Laws Companies Law Wed, 17 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105935