https://www.taxtmi.com/caselaws?id=386372 The Tribunal allowed the appeals, modifying the condition imposed on the Transferor Company to pay disputed tax liabilities before implementing the approved Scheme of Arrangement. The Tribunal directed the Transferee Company to pay the outstanding Income Tax and Service Tax dues, and compliance with Income Tax liabilities was not made a condition precedent for implementing the scheme. The Tribunal ordered the Scheme of Arrangement to be modified accordingly, granting the Appellants liberty to seek necessary modifications for practical implementation, with no costs awarded. en-us Wed, 25 Sep 2019 00:00:00 +0530 Fri, 27 Sep 2019 06:40:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386372 The Tribunal allowed the appeals, modifying the condition imposed on the Transferor Company to pay disputed tax liabilities before implementing the approved Scheme of Arrangement. The Tribunal directed the Transferee Company to pay the outstanding Income Tax and Service Tax dues, and compliance with Income Tax liabilities was not made a condition precedent for implementing the scheme. The Tribunal ordered the Scheme of Arrangement to be modified accordingly, granting the Appellants liberty to seek necessary modifications for practical implementation, with no costs awarded. Case-Laws Companies Law Wed, 25 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386372