https://www.taxtmi.com/caselaws?id=390108 The SC allowed the appeals, set aside the Division Bench order and restored the Single Judge judgment, holding that transferee companies succeeding predecessor businesses on amalgamation are entitled under s.170(1) to have revised ITRs accepted even after the s.139(5) due date. The Department was directed to accept the revised returns for A.Y. 2016-17 and complete assessment after taking into account the NCLT-sanctioned schemes of arrangement and amalgamation, recognizing succession to business otherwise than on death. en-us Wed, 18 Dec 2019 00:00:00 +0530 Tue, 23 Sep 2025 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390108 The SC allowed the appeals, set aside the Division Bench order and restored the Single Judge judgment, holding that transferee companies succeeding predecessor businesses on amalgamation are entitled under s.170(1) to have revised ITRs accepted even after the s.139(5) due date. The Department was directed to accept the revised returns for A.Y. 2016-17 and complete assessment after taking into account the NCLT-sanctioned schemes of arrangement and amalgamation, recognizing succession to business otherwise than on death. Case-Laws Income Tax Wed, 18 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390108