https://www.taxtmi.com/caselaws?id=400762 The Tribunal sanctioned the scheme of amalgamation between two companies, approving the integration of business activities for operational synergies and cost savings. Compliance with statutory requirements and undertakings was confirmed, including addressing observations from the Regional Director's report. The petitioner companies were allowed to file revised returns under the Income-tax Act, 1961, and the scheme was deemed fair and reasonable. The transferor company was directed to dissolve without winding up, with various procedural requirements imposed on the petitioner companies, including filing orders with the Registrar of Companies and issuing newspaper publications. en-us Mon, 05 Oct 2020 00:00:00 +0530 Mon, 04 Jan 2021 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400762 The Tribunal sanctioned the scheme of amalgamation between two companies, approving the integration of business activities for operational synergies and cost savings. Compliance with statutory requirements and undertakings was confirmed, including addressing observations from the Regional Director's report. The petitioner companies were allowed to file revised returns under the Income-tax Act, 1961, and the scheme was deemed fair and reasonable. The transferor company was directed to dissolve without winding up, with various procedural requirements imposed on the petitioner companies, including filing orders with the Registrar of Companies and issuing newspaper publications. Case-Laws Companies Law Mon, 05 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400762