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Supreme Court rules that share substitution in amalgamation is taxable as business income under Section 28 if shares are held as stock-in-trade.
Supreme Court rules notional gains on merger share-swap taxable as business income if shares are held as stock-in-trade. Big impact on investors, traders, mergers & tax disputes i…
Delhi High Court rules draft income tax assessment issued after amalgamation in name of non-existent entity is void; allows fresh action under Section 144C.
Delhi High Court rules draft income tax assessment issued post-amalgamation is void ab initio. Fresh proceedings allowed under Section 144C.