https://www.taxtmi.com/caselaws?id=13571 The High Court determined that the effective date of the amalgamation between OMC Alloys Ltd. and Orissa Mining Corporation Ltd. was April 1, 1986, contrary to the Revenue's position of August 30, 1991. The court emphasized the significance of the clarification issued by the Government of India in interpreting the amalgamation order. Relying on judicial precedents, the court held that the date specified in the scheme governs the effective date of amalgamation unless modified by the court. The Tribunal was directed to proceed based on the April 1, 1986 effective date, ruling in favor of the assessee without costs. en-us Thu, 18 Jan 2007 00:00:00 +0530 Fri, 29 May 2009 17:52:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13571 The High Court determined that the effective date of the amalgamation between OMC Alloys Ltd. and Orissa Mining Corporation Ltd. was April 1, 1986, contrary to the Revenue's position of August 30, 1991. The court emphasized the significance of the clarification issued by the Government of India in interpreting the amalgamation order. Relying on judicial precedents, the court held that the date specified in the scheme governs the effective date of amalgamation unless modified by the court. The Tribunal was directed to proceed based on the April 1, 1986 effective date, ruling in favor of the assessee without costs. Case-Laws Income Tax Thu, 18 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13571