NCLT’s order sanctioning scheme of amalgamation doesn’t grant any waiver from Income-tax provisions

INCOME TAX : Statutory authorities are not bound by sanctioned scheme of amalgamation of companies; where transferee company filed return while subsequently NCLT sanctioned scheme of arrangement, for filing a revised return belatedly, transferee company was required to file application for condonation of delay

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000191636/nclt’s-order-sanctioning-scheme-of-amalgamation-doesn’t-grant-any-waiver-from-income-tax-provisions.aspx