https://www.taxtmi.com/caselaws?id=790392 Section 80IA relief was treated as unavailable to an amalgamated company where the undertaking stood transferred under a scheme of amalgamation after 31.03.2007, because section 80IA(12A), read with the Finance Act, 2007 notes and Circular No. 3/2008, indicates that the benefit does not pass to the transferee in such cases. Section 80JJAA deduction was also treated as unavailable where the assessee's business resulted from amalgamation and business reorganisation, because the provision bars deduction when a business is acquired by transfer or formed by reconstruction. On both issues, the statutory restrictions prevailed over the amalgamation scheme and the deductions were disallowed. en-us Tue, 07 Apr 2026 00:00:00 +0530 Thu, 23 Apr 2026 14:09:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790392 Section 80IA relief was treated as unavailable to an amalgamated company where the undertaking stood transferred under a scheme of amalgamation after 31.03.2007, because section 80IA(12A), read with the Finance Act, 2007 notes and Circular No. 3/2008, indicates that the benefit does not pass to the transferee in such cases. Section 80JJAA deduction was also treated as unavailable where the assessee's business resulted from amalgamation and business reorganisation, because the provision bars deduction when a business is acquired by transfer or formed by reconstruction. On both issues, the statutory restrictions prevailed over the amalgamation scheme and the deductions were disallowed. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790392