Login
Login
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

Direct TaxSupreme CourtTop Stories

Published on

By Mariya Paliwala
Supreme Court

🚀 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

Direct Tax

Land Transactions for School Expansion Doesn’t Undermine Charitable Status: ITAT Directs Grant of S. 12A Registration Renewal

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has set aside the order of...
Direct Tax

ITAT Remands ₹58.69 Lakh Addition on Demonetisation Cash Deposits, Grants Fresh Opportunity Citing Matrimonial Dispute Impact

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has set aside additions...
Direct Tax

ITAT Deletes CPC Adjustments on Fixed Asset Loss and S. 43B Disallowance

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has deleted adjustments made...
Direct Tax

Non-Issuance of S. 143(2) Notice Not Fatal in Belated Return Cases: ITAT Upholds Deletion of Rs. 4.59 Cr Addition on Export Sales 

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has upheld the deletion of an...

More like this

Direct Tax

Land Transactions for School Expansion Doesn’t Undermine Charitable Status: ITAT Directs Grant of S. 12A Registration Renewal

The Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has set aside the order of...
Direct Tax

ITAT Remands ₹58.69 Lakh Addition on Demonetisation Cash Deposits, Grants Fresh Opportunity Citing Matrimonial Dispute Impact

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has set aside additions...
Direct Tax

ITAT Deletes CPC Adjustments on Fixed Asset Loss and S. 43B Disallowance

The Chandigarh Bench of the Income Tax Appellate Tribunal (ITAT) has deleted adjustments made...

About us

About Jurishour – Juris Hour is an online news portal for reporting accurate and honest news, articles, judgments, Circulars, orders and notifications related to legal developments.

Company

Categories

© 2025 Juris Hour. All Rights Reserved.