TMI Blog1981 (2) TMI 139X X X X Extracts X X X X X X X X Extracts X X X X ..... n respect of the amalgamating company, Sundaram Motors (P) Ltd., can be initiated and passed against the successor amalgamated company, T.V. Sundaram Iyengar Sons (P) Ltd. The CIT (Appeals) has held against the department that it cannot be done. Hence, this Deptl. appeal. 2. M/s. T.V. Sundaram Iyengar sons (P) Ltd., the assessee before us, are the successors to M/s. Sundaram Motors (P) Ltd a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the amalgamating company Sundaram Motors (P) Ltd. The question is whether after the amalgamating company Sundaram Motors (P). Ltd. cease to exist, the proceedings can be initiated for enforcement of its s. 104 liability against the successor company, T.V. Sundaram Iyengar Sons (P) Ltd., the assessee before us. The ITO followed the reasoning that there was before the date of amalgamation a liabil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e part of the amalgamating company Sundaram Motors (P) Ltd. We agree with the line of reasoning and conclusion adopted by the CIT (Appeals). 4. The next argument of the Deptl. Rep. before us was that the Supreme Court in (1976) 105 ITR 219 (SC), CIT vs. J.K. Commrl. Corpn. Ltd. has held that s. 104 proceedings is assessment proceedings. So his argument was that by virtue of s.170 of the IT Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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