Supreme Court of India
Aspinwall and Co. Ltd. v. The Inspecting Assistant Commr.
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
For the reasons mentioned above, we do not find any merit in the present appeals.
Judgment, page 15
From the headnote
Issue for Consideration Whether in terms of the provisions of Kerala Agricultural Income Tax Act, 1991, the amalgamated company as successor of the amalgamating company shall be entitled to set-off of the losses suffered. Headnotes† Kerala Agricultural Income Tax Act, 1991 – ss.12, 54 – Income Tax, 1961 – s.72A – company named PRP amalgamated with the appellant company – The scheme of amalgamation was sanctioned in November 2006 – The appointed date was fixed as 01.01.2006 – There were accumulated losses in the balance sheet of amalgamating company – The issue is, as to whether the same could
Authorities it was built on
- 2004 Singer India Ltd. v. Chander Mohan Chadha and Ors.
- 1990 Saraswati Industrial Syndicate Ltd. v. C.I.T., Haryana, Himachal Pradesh, Delhi
- 1986 General Radio & Appliances Co. Ltd. & Ors. v. M.A. Khader (dead) by Lrs.
- 2023 Religare Finvest Limited v. State of Nct of Delhi & Anr.
- 2019 Pr. Commissioner of Income Tax, New v. Maruti Suzuki India Limited
- 2019 M/s Dalmia Power Limited & Anr. v. The Assistant Commissioner of Income Tax Circle 1, Trichy
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