https://www.taxtmi.com/caselaws?id=290866 The Tribunal granted approval to the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving transferor companies amalgamating with the transferee company. Despite no response from the Income Tax Department, the Tribunal inferred no objections but allowed recovery of pending dues post-approval. With compliance confirmed by relevant authorities and no ongoing issues against the Petitioner Companies, the Tribunal sanctioned the Scheme, emphasizing adherence to statutory requirements and not exempting the Petitioners from duties or legal actions. The order directed dissolution, asset transfer, employee transitions, and continuation of proceedings, concluding the matter. en-us Fri, 17 Jan 2020 00:00:00 +0530 Mon, 19 Oct 2020 20:46:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290866 The Tribunal granted approval to the Scheme of Amalgamation under Sections 230 to 232 of the Companies Act, 2013, involving transferor companies amalgamating with the transferee company. Despite no response from the Income Tax Department, the Tribunal inferred no objections but allowed recovery of pending dues post-approval. With compliance confirmed by relevant authorities and no ongoing issues against the Petitioner Companies, the Tribunal sanctioned the Scheme, emphasizing adherence to statutory requirements and not exempting the Petitioners from duties or legal actions. The order directed dissolution, asset transfer, employee transitions, and continuation of proceedings, concluding the matter. Case-Laws Companies Law Fri, 17 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290866