https://www.taxtmi.com/caselaws?id=60638 A sanctioned amalgamation scheme under the Sick Industrial Companies (Special Provisions) Act was treated as overriding inconsistent Income-tax Act provisions. The scheme and BIFR declaration fixed 1-2-1992 as the effective date of amalgamation, and that date governed the transfer for tax purposes. Business carried on by the amalgamating company during the relevant period was treated as carried on for the amalgamated company, supporting satisfaction of the section 72A conditions. The text also notes that the certificate requirement was regarded as complied with and that the sanctioned scheme operated as conclusive evidence of compliance unless set aside in proper proceedings under the special statute. en-us Tue, 09 Jun 1998 00:00:00 +0530 Fri, 07 Jan 2011 12:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60638 A sanctioned amalgamation scheme under the Sick Industrial Companies (Special Provisions) Act was treated as overriding inconsistent Income-tax Act provisions. The scheme and BIFR declaration fixed 1-2-1992 as the effective date of amalgamation, and that date governed the transfer for tax purposes. Business carried on by the amalgamating company during the relevant period was treated as carried on for the amalgamated company, supporting satisfaction of the section 72A conditions. The text also notes that the certificate requirement was regarded as complied with and that the sanctioned scheme operated as conclusive evidence of compliance unless set aside in proper proceedings under the special statute. Case-Laws Income Tax Tue, 09 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60638