https://www.taxtmi.com/caselaws?id=786198 Assets vested in resulting companies under a court sanctioned demerger scheme cannot be attached to satisfy the tax liability of the demerged company; consequently the attachment of property vested in the petitioner is unsustainable. The Income Tax Department may, however, attach those vested assets independently to recover the petitioner's own Wealth Tax liability for the relevant assessment years, in accordance with law. The petitioner must not be penalised for delays in appellate disposal of statutory Wealth Tax appeals where such delays are beyond its control. Writ relief was partly granted, with liberty for tax attachment against the petitioner's own liability. en-us Tue, 20 Jan 2026 00:00:00 +0530 Mon, 09 Feb 2026 09:17:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786198 Assets vested in resulting companies under a court sanctioned demerger scheme cannot be attached to satisfy the tax liability of the demerged company; consequently the attachment of property vested in the petitioner is unsustainable. The Income Tax Department may, however, attach those vested assets independently to recover the petitioner's own Wealth Tax liability for the relevant assessment years, in accordance with law. The petitioner must not be penalised for delays in appellate disposal of statutory Wealth Tax appeals where such delays are beyond its control. Writ relief was partly granted, with liberty for tax attachment against the petitioner's own liability. Case-Laws Wealth-tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786198