Easy Office

Merger in case of company having outstanding i.t. demand

This query is : Resolved 

01 February 2019 Dear All,
We are planing to merge our 4 companies into one company. Out of these companies, one company has outstanding dues towards Income Tax demand raised u/s 263 of the I.T. Act. Company has filled appeal before Tribunal. Is it possible to merge this company with another company? What will be pros & cons. of this?

Thank You


06 February 2019 You have to take NOC from Income Tax Department for having no objection for merger.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries