https://www.taxtmi.com/caselaws?id=463796 The HC set aside the assessment order issued against the transferee company post-amalgamation, holding that the scheme sanction order (effective on the appointed date) transferred all assets and liabilities to the transferee and dissolved the transferor without winding up, precluding proceedings against the transferor. The petitioner had communicated the amalgamation order to the Registrar of Companies and informed the tax authorities. The court distinguished prior authority where the transferor had remained involved in proceedings, and concluded the impugned assessment could not be sustained. en-us Thu, 11 Jul 2024 00:00:00 +0530 Tue, 16 Sep 2025 18:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463796 The HC set aside the assessment order issued against the transferee company post-amalgamation, holding that the scheme sanction order (effective on the appointed date) transferred all assets and liabilities to the transferee and dissolved the transferor without winding up, precluding proceedings against the transferor. The petitioner had communicated the amalgamation order to the Registrar of Companies and informed the tax authorities. The court distinguished prior authority where the transferor had remained involved in proceedings, and concluded the impugned assessment could not be sustained. Case-Laws Income Tax Thu, 11 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463796