https://www.taxtmi.com/highlights?id=104893 Unutilised MAT credit and taxes of amalgamating companies may accrue to the transferee where a sanctioned amalgamation scheme so provides. The limited exclusion under section 115JAA for conversion of a private or unlisted public company into an LLP does not extend by implication to amalgamation. Absence of an express enabling provision for amalgamation therefore does not itself prevent succession to MAT credit. The claimed credit remains subject to verification of its quantum and availability under law, with related refund, demand, and interest requiring consequential recomputation. en-us Tue, 13 Oct 2026 10:06:13 +0530 Tue, 13 Oct 2026 10:06:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104893 Unutilised MAT credit and taxes of amalgamating companies may accrue to the transferee where a sanctioned amalgamation scheme so provides. The limited exclusion under section 115JAA for conversion of a private or unlisted public company into an LLP does not extend by implication to amalgamation. Absence of an express enabling provision for amalgamation therefore does not itself prevent succession to MAT credit. The claimed credit remains subject to verification of its quantum and availability under law, with related refund, demand, and interest requiring consequential recomputation. Highlights Income Tax Tue, 13 Oct 2026 10:06:13 +0530 https://www.taxtmi.com/highlights?id=104893