Mere Amalgamation would not invalidate Income Tax Proceedings as It would not amount to Winding Up of Company, rules Supreme Court [Read Judgment]

Amalgamation - Income Tax Proceedings - Supreme Court - Taxscan

The Supreme Court, on Tuesday, held that whether corporate death of amalgamating entity upon amalgamation per se invalidates an assessment order issued under the Income Tax Act, 1961 cannot be determined on a bare application of Section 481 of the Companies Act, 1956 or its equivalent in the 2013 Act, which deals with the dissolution…

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