https://www.taxtmi.com/caselaws?id=220718 The court quashed the notice issued under section 142(1) of the Income Tax Act, 1961 for the assessment year 2010-11 post amalgamation. The court ruled in favor of the petitioner, holding that the transferor company was no longer liable for assessment proceedings following the amalgamation. The court emphasized that the appointed date for the scheme was 1.4.2009, as approved by the High Court, and found the notice invalid based on legal principles established by the Supreme Court regarding the effective date of amalgamation specified in the scheme. en-us Mon, 28 Jan 2013 00:00:00 +0530 Sat, 21 Feb 2015 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220718 The court quashed the notice issued under section 142(1) of the Income Tax Act, 1961 for the assessment year 2010-11 post amalgamation. The court ruled in favor of the petitioner, holding that the transferor company was no longer liable for assessment proceedings following the amalgamation. The court emphasized that the appointed date for the scheme was 1.4.2009, as approved by the High Court, and found the notice invalid based on legal principles established by the Supreme Court regarding the effective date of amalgamation specified in the scheme. Case-Laws Income Tax Mon, 28 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220718