https://www.taxtmi.com/caselaws?id=339727 On merger of two manufacturing units, the unutilised balance in the Personal Ledger Account of the erstwhile unit was treated as transferable to the successor unit because the merged entity inherited the assets and liabilities of the earlier unit. The PLA balance was regarded as cash belonging to the company and, therefore, an asset passing with the merger. The absence of a specific procedural provision for PLA transfer did not prevent transfer, since a refund route was impracticable after the earlier unit had ceased to exist and only the successor remained in law. The contrary demand was therefore unsustainable. en-us Wed, 18 Jan 2017 00:00:00 +0530 Mon, 06 Mar 2017 12:09:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339727 On merger of two manufacturing units, the unutilised balance in the Personal Ledger Account of the erstwhile unit was treated as transferable to the successor unit because the merged entity inherited the assets and liabilities of the earlier unit. The PLA balance was regarded as cash belonging to the company and, therefore, an asset passing with the merger. The absence of a specific procedural provision for PLA transfer did not prevent transfer, since a refund route was impracticable after the earlier unit had ceased to exist and only the successor remained in law. The contrary demand was therefore unsustainable. Case-Laws Central Excise Wed, 18 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339727