HomeDirect TaxAmalgamated Company Can’t Claim Set-Off of Predecessor’s Losses Under Kerala Agricultural Income...

Amalgamated Company Can’t Claim Set-Off of Predecessor’s Losses Under Kerala Agricultural Income Tax Act: Supreme Court

Published on

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Supreme Court of India has held that an amalgamated company cannot claim set-off of accumulated losses incurred by the amalgamating company under the provisions of the Kerala Agricultural Income Tax Act, 1991.  The bench of Justice Rajesh Bindal and Justice Vijay Bishnoi has observed that Section 12 of the Act permits carry-forward and set-off…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

Rejection Of Election Nomination Can’t Be Challenged Through Writ Petition During Ongoing Election Process: Supreme Court

The Supreme Court has held that the rejection of an election nomination cannot be...

Karnataka HC Declares ED Arrest of GamesKraft Founders Illegal, Orders Immediate Release from Jail

The Karnataka High Court declared the arrest of three founders of gaming platform GamesKraft—Vikas...

Candidates Can’t Be Denied Government Jobs Due to Delay in Workshop Approval Renewals: Supreme Court

The Supreme Court has held that the candidates cannot be denied government jobs due...

Supreme Court Strikes Down RTI Exemption for Lokayukta Police Wing

The Supreme Court has held that the Madhya Pradesh Special Police Establishment (SPE) of...

More like this

Rejection Of Election Nomination Can’t Be Challenged Through Writ Petition During Ongoing Election Process: Supreme Court

The Supreme Court has held that the rejection of an election nomination cannot be...

Karnataka HC Declares ED Arrest of GamesKraft Founders Illegal, Orders Immediate Release from Jail

The Karnataka High Court declared the arrest of three founders of gaming platform GamesKraft—Vikas...

Candidates Can’t Be Denied Government Jobs Due to Delay in Workshop Approval Renewals: Supreme Court

The Supreme Court has held that the candidates cannot be denied government jobs due...