https://www.taxtmi.com/caselaws?id=470765 A scheme of arrangement and amalgamation was considered for sanction after board and shareholder approval, fulfilment of statutory requirements, and absence of opposition. Clarifications and undertakings addressing the Regional Director's observations were accepted. Pending tax liabilities of the transferor company were to vest in and be assumed by the transferee company. As the transferor's affairs were reported to have been properly conducted and the scheme was fair, reasonable, legally compliant, and not contrary to public policy, the scheme was sanctioned with effect from the appointed date. en-us Tue, 18 Oct 2022 00:00:00 +0530 Fri, 07 Aug 2026 15:52:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470765 A scheme of arrangement and amalgamation was considered for sanction after board and shareholder approval, fulfilment of statutory requirements, and absence of opposition. Clarifications and undertakings addressing the Regional Director's observations were accepted. Pending tax liabilities of the transferor company were to vest in and be assumed by the transferee company. As the transferor's affairs were reported to have been properly conducted and the scheme was fair, reasonable, legally compliant, and not contrary to public policy, the scheme was sanctioned with effect from the appointed date. Case-Laws IBC Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470765