https://www.taxtmi.com/caselaws?id=800883 Minimum Alternate Tax credit under Section 115JAA may pass to an amalgamated company where a sanctioned amalgamation scheme transfers the amalgamating companies' tax rights and claims, including unutilised credit. Section 115JAA(7) specifically withdraws such credit on conversion of a private or unlisted public company into an LLP, but contains no equivalent restriction for amalgamation. That limited prohibition does not extend by implication to a transferee company succeeding to the tax attributes of amalgamating companies. Set-off remains subject to verification of the credit's quantum and legal availability. en-us Fri, 18 Sep 2026 00:00:00 +0530 Tue, 13 Oct 2026 07:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800883 Minimum Alternate Tax credit under Section 115JAA may pass to an amalgamated company where a sanctioned amalgamation scheme transfers the amalgamating companies' tax rights and claims, including unutilised credit. Section 115JAA(7) specifically withdraws such credit on conversion of a private or unlisted public company into an LLP, but contains no equivalent restriction for amalgamation. That limited prohibition does not extend by implication to a transferee company succeeding to the tax attributes of amalgamating companies. Set-off remains subject to verification of the credit's quantum and legal availability. Case-Laws Income Tax Fri, 18 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800883