https://www.taxtmi.com/caselaws?id=372775 A merger by absorption under sections 230 to 232 of the Companies Act, 2013 was sanctioned after the Tribunal found the scheme fair, reasonable, lawful, and supported by the reports of the Regional Director and Official Liquidator, together with the petitioners' undertakings on compliance, accounting treatment, and filings. The Tribunal also modified the appointed date from 1 April 2017 to 1 April 2018 because post-date transfer transactions concerning leasehold rights could affect Income-tax scrutiny of related tax liabilities, and the change was made to preserve the Revenue's statutory examination rights. The scheme was approved with directions including cancellation of inter se shareholding and dissolution of the transferor companies without winding up. en-us Tue, 12 Jun 2018 00:00:00 +0530 Sat, 29 Dec 2018 07:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372775 A merger by absorption under sections 230 to 232 of the Companies Act, 2013 was sanctioned after the Tribunal found the scheme fair, reasonable, lawful, and supported by the reports of the Regional Director and Official Liquidator, together with the petitioners' undertakings on compliance, accounting treatment, and filings. The Tribunal also modified the appointed date from 1 April 2017 to 1 April 2018 because post-date transfer transactions concerning leasehold rights could affect Income-tax scrutiny of related tax liabilities, and the change was made to preserve the Revenue's statutory examination rights. The scheme was approved with directions including cancellation of inter se shareholding and dissolution of the transferor companies without winding up. Case-Laws Companies Law Tue, 12 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372775