ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-TINSUKIA, TINSUKIA vs. M/S. BROOKE BOND INDIA LIMITED, MUMBAI

In the result, appeal of the revenue and the cross-objection of the assessee are dismissed

Bench: Shri Rajpal Yadav, Hon’Ble & Dr. Manish Borad, Hon’Ble]

Section 391 and 394 of the Companies Act, 1956, the amalgamation scheme would be applicable w.e.f. the date of last approval mentioned in Clause (10) of the scheme shall be obtained. This last approval in this regard was obtained for increasing share capital of DDIL on 31/05/1993. This scheme of amalgamation would become effective from 01/06/1993 and, therefore

ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-2, GUWAHATI vs. FORTUNE VANIJYA PRIVATE LIMITED, GUWAHATI