https://www.taxtmi.com/caselaws?id=102568 The High Court ruled in favor of the assessee, determining that the dividend income received by the transferor-company post-amalgamation should not be taxed in the hands of the assessee-company. The Court relied on a previous judgment where it was held that post-amalgamation, the transferor-company ceased to exist and could not declare or distribute dividends. The timing of the amalgamation in relation to the dividend declaration was crucial in this decision, distinguishing it from other cases cited by the revenue. No costs were awarded in this judgment. en-us Tue, 15 Mar 1994 00:00:00 +0530 Wed, 15 Feb 2012 13:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102568 The High Court ruled in favor of the assessee, determining that the dividend income received by the transferor-company post-amalgamation should not be taxed in the hands of the assessee-company. The Court relied on a previous judgment where it was held that post-amalgamation, the transferor-company ceased to exist and could not declare or distribute dividends. The timing of the amalgamation in relation to the dividend declaration was crucial in this decision, distinguishing it from other cases cited by the revenue. No costs were awarded in this judgment. Case-Laws Income Tax Tue, 15 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102568