https://www.taxtmi.com/caselaws?id=328722 Where tax liability had accrued before amalgamation, a subsequent merger did not render the assessment order against the amalgamating company a nullity. The court noted that under section 2(1B) of the Income-tax Act, the assets and liabilities of the amalgamating company vest in the amalgamated company, and the liability for the earlier assessment year had already arisen before the merger took effect. On these facts, the assessment remained valid and the resulting liability was enforceable against the amalgamated company as successor. en-us Mon, 06 Jun 2016 00:00:00 +0530 Wed, 07 Feb 2018 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328722 Where tax liability had accrued before amalgamation, a subsequent merger did not render the assessment order against the amalgamating company a nullity. The court noted that under section 2(1B) of the Income-tax Act, the assets and liabilities of the amalgamating company vest in the amalgamated company, and the liability for the earlier assessment year had already arisen before the merger took effect. On these facts, the assessment remained valid and the resulting liability was enforceable against the amalgamated company as successor. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328722