https://www.taxtmi.com/caselaws?id=7614 A mere change of a company's name does not alter its legal personality or create a new entity; the company remains the same juristic person with its rights, obligations and liabilities intact. On that footing, assets held by a bank for the company under its former name continue to belong to the same company after the name change, and the income-tax authorities may validly proceed to recover assessed tax by notice to the bank without treating the matter as succession or requiring a fresh assessment in the new name. Section 26 of the Income-tax Act, 1922, was held inapplicable because there was no substitution of one legal person by another. en-us Thu, 10 Jul 1969 00:00:00 +0530 Thu, 05 Mar 2009 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7614 A mere change of a company's name does not alter its legal personality or create a new entity; the company remains the same juristic person with its rights, obligations and liabilities intact. On that footing, assets held by a bank for the company under its former name continue to belong to the same company after the name change, and the income-tax authorities may validly proceed to recover assessed tax by notice to the bank without treating the matter as succession or requiring a fresh assessment in the new name. Section 26 of the Income-tax Act, 1922, was held inapplicable because there was no substitution of one legal person by another. Case-Laws Income Tax Thu, 10 Jul 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7614