https://www.taxtmi.com/caselaws?id=760106 HC held that assessment order against amalgamated company was valid despite corporate entity ceasing to exist. Court ruled that in amalgamation, unlike winding up, business continues within transferee company which inherits liabilities. Since transferor company had filed appeal and received notice at Chennai address, assessment proceedings were proper. However, assessment order was partially invalid due to lack of effective hearing to transferee company regarding long-term capital claim rejection. Matter decided in favor of revenue with partial invalidity noted. en-us Tue, 06 Aug 2024 00:00:00 +0530 Tue, 15 Oct 2024 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760106 HC held that assessment order against amalgamated company was valid despite corporate entity ceasing to exist. Court ruled that in amalgamation, unlike winding up, business continues within transferee company which inherits liabilities. Since transferor company had filed appeal and received notice at Chennai address, assessment proceedings were proper. However, assessment order was partially invalid due to lack of effective hearing to transferee company regarding long-term capital claim rejection. Matter decided in favor of revenue with partial invalidity noted. Case-Laws Income Tax Tue, 06 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760106