https://www.taxtmi.com/caselaws?id=36993 The High Court upheld the revenue's position, ruling in favor of invoking Section 104 of the Income Tax Act, 1961 against the assessee company post-merger. The court emphasized the continuity of liabilities and obligations to declare dividends, holding that the merger did not absolve the company from compliance. The judgment highlighted the importance of upholding statutory duties despite corporate amalgamations, affirming the ongoing nature of assessment proceedings and the applicability of legal principles from prior court decisions. en-us Thu, 21 Dec 1978 00:00:00 +0530 Thu, 25 Mar 2010 17:11:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36993 The High Court upheld the revenue's position, ruling in favor of invoking Section 104 of the Income Tax Act, 1961 against the assessee company post-merger. The court emphasized the continuity of liabilities and obligations to declare dividends, holding that the merger did not absolve the company from compliance. The judgment highlighted the importance of upholding statutory duties despite corporate amalgamations, affirming the ongoing nature of assessment proceedings and the applicability of legal principles from prior court decisions. Case-Laws Income Tax Thu, 21 Dec 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36993