1996 (3) TMI 476

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....rman).-Petition praying the Tamil Nadu Taxation Special Tribunal to issue necessary order to quash the impugned order dated January 4, 1996, passed by the respondent in TNGST 148023/94-95, dated January 4, 1996, and consequently, direct the respondent to drop the proceedings and pass such further orders as this honourable Tribunal may deem fit and proper. Petition on being called today and upon he....

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....VCDL), a sick company, to be merged with another healthy company Mohan Breweries & Distilleries Limited, (MBDL) with effect from 1st April, 1993. "   Since the merger order was dated August 25/26 of 1994 and as the two companies (viz.), Vorion Chemicals & Distilleries Limited and Mohan Breweries Distilleries Limited, were two different assessees during the period prior to August 25/26, 199....

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....eries and Distilleries Limited, made in the letter first cited has been examined and the merger of Vorion Chemicals and Distilleries Limited, can take effect only prospectively. Thiru Ramamani, the learned Senior Counsel for the petitioner, submits that the respondent erred in law in giving his own interpretation as to when the merger takes effect and in stating that it will have prospective ef....