https://www.taxtmi.com/caselaws?id=11866 The court upheld the Central Government's refusal to grant a declaration under section 72A(1) of the Income-tax Act. It found that the amalgamated company failed to adhere to the scheme of amalgamation, did not comply with specified guidelines, and did not achieve the revival of the sick unit in the public interest. Additionally, the court validated Condition No. 7 under Article 14 of the Constitution of India. The writ petition was dismissed, affirming the Central Government's decision. en-us Thu, 12 Dec 2002 00:00:00 +0530 Wed, 10 Feb 2010 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11866 The court upheld the Central Government's refusal to grant a declaration under section 72A(1) of the Income-tax Act. It found that the amalgamated company failed to adhere to the scheme of amalgamation, did not comply with specified guidelines, and did not achieve the revival of the sick unit in the public interest. Additionally, the court validated Condition No. 7 under Article 14 of the Constitution of India. The writ petition was dismissed, affirming the Central Government's decision. Case-Laws Income Tax Thu, 12 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11866