https://www.taxtmi.com/caselaws?id=283775 The Appellant is not obligated to accept the revised returns without requiring an application to condone delay under the Income Tax Act. The NCLT's sanction of the Scheme of Arrangement does not negate the procedural requirements of the Act. The Respondent must adhere to statutory procedures, including filing an application to condone delay. The judgment emphasizes that statutory authorities are not necessarily bound by the Scheme in respect of statutory functions. The impugned common order is set aside, and the Writ Appeals are allowed without costs. en-us Thu, 04 Jul 2019 00:00:00 +0530 Wed, 06 Nov 2019 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283775 The Appellant is not obligated to accept the revised returns without requiring an application to condone delay under the Income Tax Act. The NCLT's sanction of the Scheme of Arrangement does not negate the procedural requirements of the Act. The Respondent must adhere to statutory procedures, including filing an application to condone delay. The judgment emphasizes that statutory authorities are not necessarily bound by the Scheme in respect of statutory functions. The impugned common order is set aside, and the Writ Appeals are allowed without costs. Case-Laws Income Tax Thu, 04 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283775