https://www.taxtmi.com/caselaws?id=195919 The Court approved the Scheme of Amalgamation between Anu Trading Private Limited and Shinano Retail Private Limited, subject to conditions to protect tax liabilities and public interest. Despite objections by the Income Tax Department alleging tax evasion, the Court found the Scheme legally permissible. Emphasizing compliance with statutory requirements and public policy, the Court sanctioned the Scheme, part of a larger group restructuring. Specific conditions were imposed, including restrictions on book disposal and continuation of legal proceedings. The transferor Company was directed to cover costs, and the petitioner Company was dissolved without winding up. en-us Wed, 27 Feb 2013 00:00:00 +0530 Tue, 14 Nov 2017 16:12:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195919 The Court approved the Scheme of Amalgamation between Anu Trading Private Limited and Shinano Retail Private Limited, subject to conditions to protect tax liabilities and public interest. Despite objections by the Income Tax Department alleging tax evasion, the Court found the Scheme legally permissible. Emphasizing compliance with statutory requirements and public policy, the Court sanctioned the Scheme, part of a larger group restructuring. Specific conditions were imposed, including restrictions on book disposal and continuation of legal proceedings. The transferor Company was directed to cover costs, and the petitioner Company was dissolved without winding up. Case-Laws Companies Law Wed, 27 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195919