JCIT(OSD), CIR-3(1)(2), AHMEDABAD vs. RECKITT BENCKISER HEALTHCARE (INDIA) LTD, HARYANA

In the result, appeal of the Revenue is dismissed

Bench: Dr. B.R.R. Kumar, Vice-Ms. Suchitra Kamble

68,01,557 shares worth of Rs. 61,91,15,966/- of Sterling in return. I agree with the stand taken by the A.O and with due regards and respect to the order of Hon’ble High Court I hold that the said demerger was not as per the provisions of sec.2(19AA) of the Act for the reasons mentioned

BODAL CHEMICALS LTD.,,AHMEDABAD vs. THE ADDL.CIT.,RANGE-1,, AHMEDABAD

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

68 of the paper book. All the facts were brought to the notice of the authorities below and no defect of whatsoever was pointed out. The learned AR also submitted that the amalgamating company were in possession of certain intangibles though the same were not recorded but the value of the same cannot be ignored while determining the purchase consideration

BODAL CHEMICALS LTD.,AHMEDABAD vs. THE DCIT, CIRCLE-1, AHMEDABAD

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

68 of the paper book. All the facts were brought to the notice of the authorities below and no defect of whatsoever was pointed out. The learned AR also submitted that the amalgamating company were in possession of certain intangibles though the same were not recorded but the value of the same cannot be ignored while determining the purchase consideration

M/S. BODAL CHEMICAL LTD.,AHMEDABAD vs. THE ADD.CIT.,RANGE-1,, AHMEDABAD

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

68 of the paper book. All the facts were brought to the notice of the authorities below and no defect of whatsoever was pointed out. The learned AR also submitted that the amalgamating company were in possession of certain intangibles though the same were not recorded but the value of the same cannot be ignored while determining the purchase consideration

THE ACIT, CENTRAL CIRCLE-1(1),, AHMEDABAD vs. M/S. BODAL CHEMICAL LTD., AHMEDABAD

Bench: Shri Waseem Ahmed & Ms. Madhumita Roy

68 of the paper book. All the facts were brought to the notice of the authorities below and no defect of whatsoever was pointed out. The learned AR also submitted that the amalgamating company were in possession of certain intangibles though the same were not recorded but the value of the same cannot be ignored while determining the purchase consideration