![Re-Assessment Against Non-Existent Company Not Valid despite Active PAN: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Re-Assessment-Non-Existent-Company-PAN-Bombay-HC-Taxscan.jpg "Re-Assessment Against Non-Existent Company Not Valid despite Active PAN: Bombay HC [Read Order]")
Re-Assessment Against Non-Existent Company Not Valid despite Active PAN: Bombay HC [Read Order]
The Bombay High Court has recently in a writ petition filed before it held that Re-assessment against non-existent company was not valid despite...
![Budget 2023 proposes to Change Definition of ‘Strategic Disinvestment’ [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/budget-2023-Strategic-Disinvestment-budget-2023-live-union-budget-2023-nirmala-sitharaman-budget-nirmala-sitharaman-union-budget-nirmala-sitharaman-budget-2023-india-union-budget-2023-live-Taxscan.jpg "Budget 2023 proposes to Change Definition of ‘Strategic Disinvestment’ [Read Finance Bill]")
![Objection to Scheme of Amalgamation can raise only before sanctioning by High Court: ITAT allows adjustment on Business Loss and set off of Capital Loss [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Capital-Loss-Business-Loss-Scheme-of-Amalgamation-Amalgamation-High-Court-ITAT-Income-Tax-taxscan-.jpg "Objection to Scheme of Amalgamation can raise only before sanctioning by High Court: ITAT allows adjustment on Business Loss and set off of Capital Loss [Read Order]")
![No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Consent-of-Secured-Creditors-Amalgamation-Transferor-Net-Worth-of-Transferor-Transferee-NCLAT-taxscan.jpg "No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]")
![Once Goodwill is accounted for Books of Account, Goodwill arising upon Amalgamation is eligible for Depreciation u/s 32: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Books-of-Account-Goodwill-Amalgamation-Depreciation-ITAT-taxscan.jpeg "Once Goodwill is accounted for Books of Account, Goodwill arising upon Amalgamation is eligible for Depreciation u/s 32: ITAT [Read Order]")
Due intimation given on Amalgamation of Company: ITAT treats Assessment Order as null and void [Read Order]
The Income Tax Appellate Tribunal (ITAT), Bangalore treated assessment order as null as due intimation was given on amalgamation of company by the assessee, M/s. Biocon Biologics Limited. The...
![Due intimation given on Amalgamation of Company: ITAT treats Assessment Order as null and void [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Amalgamation-ITAT-Assessment-Order-void-taxscan.jpg "Due intimation given on Amalgamation of Company: ITAT treats Assessment Order as null and void [Read Order]")
Income Tax Dept had Knowledge about Amalgamation: Calcutta HC quashes Re-Assessment Notice against Amalgamated Company [Read Order]
The Calcutta High Court has quashed a re-assessment notice under section 148 of the Income Tax Act, 1961 against an amalgamated Company since the same was non-existent and the income tax department...
![Income Tax Dept had Knowledge about Amalgamation: Calcutta HC quashes Re-Assessment Notice against Amalgamated Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-Dept-Amalgamation-Calcutta-HC-Re-Assessment-Notice-Amalgamated-Company-Taxscan.jpeg "Income Tax Dept had Knowledge about Amalgamation: Calcutta HC quashes Re-Assessment Notice against Amalgamated Company [Read Order]")
![Relief to Infosys: ITAT deletes Assessment Order after Amalgamation [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/09/Infosys-ITAT-Assessment-Order-Amalgamation-Taxscan.jpg "Relief to Infosys: ITAT deletes Assessment Order after Amalgamation [Read Order]")
Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench ruled that the Shares at ‘face value’ by the amalgamated company to shareholders in pursuance of scheme of amalgamation not covered under...
![Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/Shares-Face-Value-Shareholders-Amalgamation-Section-562-ITAT-Taxscan-1.jpeg "Shares at ‘Face Value’ by Amalgamated Company to Shareholders in pursuance of Scheme of Amalgamation not covered under clause (viib) of Section 56(2): ITAT [Read Order]")
![MCA notifies Start-up companies to enter into scheme of Merger and Amalgamation [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/MCA-Start-up-companies-scheme-of-Merger-Amalgamation-Taxscan.jpg "MCA notifies Start-up companies to enter into scheme of Merger and Amalgamation [Read Notification]")
![NCLT approves Amalgamation of ThyssenKrup Marine Systems and Atlas Elektronik [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NCLT-amalgamation-ThyssenKrup-Marine-Systems-Atlas-Elektronik-Taxscan.jpg "NCLT approves Amalgamation of ThyssenKrup Marine Systems and Atlas Elektronik [Read Order]")
MCA issues Norms for filing Arrangement application specified under Companies (Compromises, Arrangements and Amalgamation) Amendment Rule, 2020
The Ministry of Corporate Affairs (MCA) issued a notification on February 3, 2020, introduced the Companies (Compromises, Arrangements, and Amalgamation) Amendment Rule, 2020 wherein the norms for...
