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Gujarat VAT Act Section 52 Upheld: Companies Exist for Tax Purposes During Mergers or Demergers. Not Ultra Vires to Constitution.
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....Constitutional validity of Section 52 of the Gujarat Value Added Tax Act, 2003 - Company is deemed to be in existence for the purpose of taxation under the VAT Act - merger / demerger - it cannot be said to be ultra vires to Articles 246 & 252 of the Constitution of India - HC....
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