https://www.taxtmi.com/caselaws?id=292050 The Tribunal upheld the assessee's claim for set-off of losses of the amalgamating company against the positive income of the assessee company for the assessment years 1998-99 and 1999-2000. It determined that the fixing of the amalgamation date was not for tax evasion purposes. Additionally, various other issues such as the classification of income from the sale of premises, disallowance of certain expenses, treatment of foreign exchange fluctuation loss, and allowance of deductions under specific sections were decided in favor of the assessee based on previous judgments and legal precedents. en-us Tue, 06 Mar 2012 00:00:00 +0530 Sat, 05 Dec 2020 11:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292050 The Tribunal upheld the assessee's claim for set-off of losses of the amalgamating company against the positive income of the assessee company for the assessment years 1998-99 and 1999-2000. It determined that the fixing of the amalgamation date was not for tax evasion purposes. Additionally, various other issues such as the classification of income from the sale of premises, disallowance of certain expenses, treatment of foreign exchange fluctuation loss, and allowance of deductions under specific sections were decided in favor of the assessee based on previous judgments and legal precedents. Case-Laws Income Tax Tue, 06 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292050