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![Waiver of Interest by Financial Institutions is Assessable as income of the Amalgamating Company on availing Benefit of Sec 72A: SC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan.jpg "Waiver of Interest by Financial Institutions is Assessable as income of the Amalgamating Company on availing Benefit of Sec 72A: SC [Read Judgment]")
Waiver of Interest by Financial Institutions is Assessable as income of the Amalgamating Company on availing Benefit of Sec 72A: SC [Read Judgment]
In a recent ruling, a two-judge bench of the Supreme Court categorically held that the waiver of interest by financial institutions is assessable from...