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2017 (3) TMI 1929 - HC - Income TaxTaxability post scheme of merger - Recovery of tax statutorily due from the transferor or transferee company or any other person who is liable for payment of such tax due - HELD THAT:- As decided in [2015 (8) TMI 475 - SC ORDER] Income Tax Department is entitled to take out appropriate proceedings for recovery of any tax statutorily due from the transferor or transferee company or any other person who is liable for payment of such tax due. We accordingly dispose of the appeal recording that the Income Tax Department would be entitled to take out appropriate proceedings for recovery of any tax statutorily due from the transferor or transferee company or any other person who is liable for payment of such tax due. Needless to state if the Income Tax Department initiates any proceedings the respondents would be entitled to raise all issues and defences of law and facts.
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