https://www.taxtmi.com/caselaws?id=415426 The Court approved the scheme of amalgamation, dismissing objections raised by the Income Tax Department. The Court found the scheme compliant with legal provisions under the Companies Act, 2013, and emphasized its approval for the beneficial growth of the companies involved. The Tribunal sanctioned the Scheme of Amalgamation with specific compliance directions, including submission to the Registrar of Companies and newspaper publication, without granting exemptions from stamp duty or taxes. Petitioner Companies were instructed to address objections raised by the Official Liquidator and the Regional Director for full compliance with the Companies Act, 2013. en-us Thu, 11 Nov 2021 00:00:00 +0530 Sat, 04 Dec 2021 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415426 The Court approved the scheme of amalgamation, dismissing objections raised by the Income Tax Department. The Court found the scheme compliant with legal provisions under the Companies Act, 2013, and emphasized its approval for the beneficial growth of the companies involved. The Tribunal sanctioned the Scheme of Amalgamation with specific compliance directions, including submission to the Registrar of Companies and newspaper publication, without granting exemptions from stamp duty or taxes. Petitioner Companies were instructed to address objections raised by the Official Liquidator and the Regional Director for full compliance with the Companies Act, 2013. Case-Laws Companies Law Thu, 11 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415426