Reetu | Dec 30, 2019 |
Successor is obliged to file a revised ITR to reflect the effect of the amalgamation
IN THE SUPREME COURT OF INDIA
J U D G M E N T
THE RELEVANT TEXT OF JUDGMENT IS AS FOLLOWS :
11. In light of the aforesaid discussion, we find that the learned Single Judge had rightly allowed the Writ Petitions. We accordingly set aside the impugned Judgment and Order dated 04.07.0219 passed by the learned Division Bench, and restore the judgment dated 30.04.2019 passed by the learned Single Judge. Accordingly, the Civil Appeals are allowed.
The Department is directed to receive the revised Returns of Income for A.Y. 2016-2017 filed by the Appellants, and complete the assessment for A.Y. 2016-2017 after taking into account the Schemes of Arrangement and Amalgamation as sanctioned by the NCLT.
12. Pending Applications, if any, are accordingly disposed of Ordered accordingly.
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