https://www.taxtmi.com/caselaws?id=103420 An amalgamation scheme falls within the expression "compromise or arrangement" under section 391 of the Companies Act, 1956 when read with section 394, because section 394 expressly contemplates reconstruction and amalgamation of companies. The Companies Act meaning controls this context, and the definition of amalgamation in the Income-tax Act, 1961 cannot be imported into section 391 by borrowing definitions across enactments. On that basis, a scheme of amalgamation may be sanctioned within the statutory framework of sections 391 and 394. en-us Fri, 02 May 1997 00:00:00 +0530 Wed, 22 Feb 2012 17:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103420 An amalgamation scheme falls within the expression "compromise or arrangement" under section 391 of the Companies Act, 1956 when read with section 394, because section 394 expressly contemplates reconstruction and amalgamation of companies. The Companies Act meaning controls this context, and the definition of amalgamation in the Income-tax Act, 1961 cannot be imported into section 391 by borrowing definitions across enactments. On that basis, a scheme of amalgamation may be sanctioned within the statutory framework of sections 391 and 394. Case-Laws Companies Law Fri, 02 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103420