https://www.taxtmi.com/caselaws?id=294277 The court dismissed the petitions for sanctioning the scheme of amalgamation, finding it primarily designed to avoid capital gains tax, which was against public interest. The court highlighted its duty to scrutinize such schemes to prevent the misuse of the judicial process for tax avoidance. en-us Mon, 31 Jan 1977 00:00:00 +0530 Fri, 02 Apr 2021 18:19:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294277 The court dismissed the petitions for sanctioning the scheme of amalgamation, finding it primarily designed to avoid capital gains tax, which was against public interest. The court highlighted its duty to scrutinize such schemes to prevent the misuse of the judicial process for tax avoidance. Case-Laws Companies Law Mon, 31 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294277