https://www.taxtmi.com/caselaws?id=33182 The Gujarat High Court held that the deduction claimed by the amalgamating sister concern under section 43B of the Income Tax Act was not required to be included in the hands of the successor amalgamating company. Relying on the principles established in the SARASWATI INDUSTRIAL SYNDICATE LTD case, the Tribunal found no legal infirmity in the deduction and dismissed the appeal. The judgment provides clarity on the treatment of deductions in amalgamation situations and the application of legal precedents in resolving tax disputes. en-us Wed, 18 Mar 2009 00:00:00 +0530 Tue, 25 Aug 2009 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33182 The Gujarat High Court held that the deduction claimed by the amalgamating sister concern under section 43B of the Income Tax Act was not required to be included in the hands of the successor amalgamating company. Relying on the principles established in the SARASWATI INDUSTRIAL SYNDICATE LTD case, the Tribunal found no legal infirmity in the deduction and dismissed the appeal. The judgment provides clarity on the treatment of deductions in amalgamation situations and the application of legal precedents in resolving tax disputes. Case-Laws Income Tax Wed, 18 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33182