https://www.taxtmi.com/caselaws?id=21918 In a court-sanctioned amalgamation, the effective date depended on the scheme and the court order, together with compliance with the stated implementation conditions. The scheme distinguished the transfer date from the operative date, and transfer and vesting arose only after sanction, filing of certified copies with the Registrars of Companies, and allotment of shares. Because no anterior effective date was fixed in the sanction orders, the stated transfer date of 1 January 1982 was treated as artificial and did not extinguish the transferor company for the relevant assessment years. The income-tax proceedings against the transferor company therefore remained valid. en-us Mon, 10 Jun 1991 00:00:00 +0530 Fri, 04 Dec 2009 11:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21918 In a court-sanctioned amalgamation, the effective date depended on the scheme and the court order, together with compliance with the stated implementation conditions. The scheme distinguished the transfer date from the operative date, and transfer and vesting arose only after sanction, filing of certified copies with the Registrars of Companies, and allotment of shares. Because no anterior effective date was fixed in the sanction orders, the stated transfer date of 1 January 1982 was treated as artificial and did not extinguish the transferor company for the relevant assessment years. The income-tax proceedings against the transferor company therefore remained valid. Case-Laws Income Tax Mon, 10 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21918