Supreme Court of India

M/s. Gujarat Machinery Manufacturers Ltd. v. Collector, Central Excise, Baroda.

Neutral citation
Reported as [1996] SUPP. 6 S.C.R. 106
Bench N.P. Singh and S.B. Majmudar JJ.
Decided 11 September 1996

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

What the Court ordered

We hold that it is a revenue receipt exigible to tax under c Section 4 of the Income-Tax Act.

Judgment, page 220

From the headnote

Company Law : Companies Act, 1956: Sections 391 to 393. Amalgamation-Scheme of-Sanction-Granting of-Factors to be considered-By Company Court-Jurisdiction of-Broad contours laid down--Creditors or. members must anive at inf onned decision based on relevant material for approving schemc:-Scheme as a whole was to be just, fair and reasonable to creditors or members without coercing mi1101ity. c Amalgamation-Scheme of-Approved by majority shareholde1"j~ Sanction of-By Company Cowt-Alleged bona fide action of maj01ity shareholders or supression by the minority shareholders-Consideration for-Held

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