The Division bench comprising of Justice Anita Sumanth and Justice G. Arul Murugan was hearing the present matter.
The bench in the case observed that, while in the case of amalgamation, it is only the apparent and outer shell of the company which is destroyed. However, in the case of dissolution, the entity wholly ceases to exist.
In the present case, the assessee company was ordered to be wound up, and an Official Liquidator was appointed to manage the company's liquidation.
This story is from the November 22, 2024 edition of The Business Guardian.
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This story is from the November 22, 2024 edition of The Business Guardian.
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