https://www.taxtmi.com/caselaws?id=449882 The HC dismissed a writ petition challenging a customs show cause notice for duty recovery. The petitioner company, formed through merger with the original noticee company, argued the liability was extinguished due to merger. The court held that merger does not eliminate tax liabilities of the transferor company. The successor company inherits both assets and liabilities unless specifically retained by promoters. Since no amalgamation scheme was filed and the advance license benefit was availed by the transferor, the transferee must discharge the obligation. The petitioner was directed to reply within 30 days. en-us Mon, 19 Feb 2024 00:00:00 +0530 Thu, 22 Feb 2024 07:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449882 The HC dismissed a writ petition challenging a customs show cause notice for duty recovery. The petitioner company, formed through merger with the original noticee company, argued the liability was extinguished due to merger. The court held that merger does not eliminate tax liabilities of the transferor company. The successor company inherits both assets and liabilities unless specifically retained by promoters. Since no amalgamation scheme was filed and the advance license benefit was availed by the transferor, the transferee must discharge the obligation. The petitioner was directed to reply within 30 days. Case-Laws Customs Mon, 19 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449882