Amalgamating Co. liable to pay advance tax on income declared till Tribunal approved scheme of amalgamation: HC

INCOME TAX : Where scheme of amalgamation dated 1-4-2016 entered into by assessee with a company was approved by Tribunal on 20-4-2017, assessee company was liable to pay advance tax for period between 1-4-2016 to 20-4-2017 as income declared for said period was current income of assessee in its individual capacity and not as an amalgamated company

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