Thursday, March 5, 2020

Scheme of amalgamation of transferor Co. with loss making subsidiary can't be against interest of revenue

COMPANY LAW : While right of revenue is to be protected, there is no bar in streamlining affairs of a company with its wholly owned subsidiary; a scheme proposing amalgamation of transferor company with its wholly owned subsidiary which was a loss making company cannot be considered as against interest of revenue

from www.taxmann.com Latest Case Laws https://ift.tt/2VLVkT5
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