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Income Tax - Highlights / Catch Notes

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Liability for payment of advance tax - Amalgamation of company - ...

Income Tax

April 27, 2021

Liability for payment of advance tax - Amalgamation of company - whether the Company is obliged under the Act to pay advance tax between 1-04-2016 and 20-03-2017 for the assessment year 2017-18? - It cannot but be said that the petitioner company lost its entity only on 20.03.2017, upto this date the obligation to pay advance tax did not vanish. - HC

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