https://www.taxtmi.com/caselaws?id=356498 The Court dismissed the applications seeking amendments to the Scheme of Arrangement, stating that the proposed changes would effectively recall the order sanctioning the Scheme, altering its basic fabric and impacting the rights and liabilities vested with the Income Tax Authorities. The Court held that the loss of tax benefits post-demerger does not render the Scheme unworkable, emphasizing that no modifications were necessary. en-us Mon, 26 Feb 2018 00:00:00 +0530 Wed, 07 Mar 2018 08:02:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356498 The Court dismissed the applications seeking amendments to the Scheme of Arrangement, stating that the proposed changes would effectively recall the order sanctioning the Scheme, altering its basic fabric and impacting the rights and liabilities vested with the Income Tax Authorities. The Court held that the loss of tax benefits post-demerger does not render the Scheme unworkable, emphasizing that no modifications were necessary. Case-Laws Companies Law Mon, 26 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356498