Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
First-motion scrutiny of a listed-company amalgamation scheme is generally confined to legality and public interest, leaving shareholders and creditors to assess the commercial proposal. An ante-dated appointed date requires justification, but its assessment must account for the regulatory and stock-exchange approval process applicable to listed entities. Delay in filing cannot be attributed to the company unless exclusively caused by its failure or default; valuation effects and delay may be examined at the second stage with regulatory and tax-authority input. The first-motion dismissal was set aside, and meetings were directed to be convened through appointment of a chairman and scrutinizers.
First-motion scrutiny of a listed-company amalgamation scheme is generally confined to legality and public interest, leaving shareholders and creditors to assess the commercial proposal. An ante-dated appointed date requires justification, but its assessment must account for the regulatory and stock-exchange approval process applicable to listed entities. Delay in filing cannot be attributed to the company unless exclusively caused by its failure or default; valuation effects and delay may be examined at the second stage with regulatory and tax-authority input. The first-motion dismissal was set aside, and meetings were directed to be convened through appointment of a chairman and scrutinizers.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4912 
