https://www.taxtmi.com/caselaws?id=14126 Surtax assessments on the successor company could not stand because they were based on the corresponding income-tax assessments for the same years, and those income-tax assessments had already been cancelled. The Tribunal had found that the underlying income-tax assessments were no longer in force, and the court noted that the same controversy had been decided in the assessee's favour in the connected income-tax references. As the foundation for the surtax assessments had disappeared, the surtax assessments were held bad in law and the issue was answered in favour of the assessee and against the Revenue. en-us Wed, 06 Dec 2000 00:00:00 +0530 Mon, 13 Jul 2009 17:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14126 Surtax assessments on the successor company could not stand because they were based on the corresponding income-tax assessments for the same years, and those income-tax assessments had already been cancelled. The Tribunal had found that the underlying income-tax assessments were no longer in force, and the court noted that the same controversy had been decided in the assessee's favour in the connected income-tax references. As the foundation for the surtax assessments had disappeared, the surtax assessments were held bad in law and the issue was answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Wed, 06 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14126