In the result, the appeal of assessee allowed
Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]
pricing addition of Rs. 78.97 crores; (ii) Secondly, under the approved scheme of amalgamation, the transferee has assumed the liabilities of the transferor company, including tax liabilities; (iii) Thirdly, the consequence of the scheme of 13 Madhuban Dealers Pvt. Ltd., AY 2010-11 amalgamation approved under Section 394 of the Companies Act 1956 is that the amalgamating company ceased