https://www.taxtmi.com/caselaws?id=29031 The High Court of BOMBAY dismissed the Commissioner of Income-tax's application seeking direction to the Income-tax Appellate Tribunal on the effective date of amalgamation. The Tribunal's decision was upheld, emphasizing the scheme's clarity on transferring assets and liabilities to the successor-company from July 1, 1971. The court found the scheme effective from the appointed date, rejecting arguments on specific sanctions. The Tribunal's decision was deemed legally sound, leading to the application's dismissal with costs. en-us Wed, 12 Sep 1979 00:00:00 +0530 Wed, 10 Mar 2010 13:06:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29031 The High Court of BOMBAY dismissed the Commissioner of Income-tax's application seeking direction to the Income-tax Appellate Tribunal on the effective date of amalgamation. The Tribunal's decision was upheld, emphasizing the scheme's clarity on transferring assets and liabilities to the successor-company from July 1, 1971. The court found the scheme effective from the appointed date, rejecting arguments on specific sanctions. The Tribunal's decision was deemed legally sound, leading to the application's dismissal with costs. Case-Laws Income Tax Wed, 12 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29031