M&A Critique

Case Law : Tata Consultancy Services Vs. ACIT

Tata Consultancy Services Vs. ACIT (ITAT Mumbai) Topic: There are two matters:- Whether payments made for purchase of unexpired processing contracts can be treated as capital in nature. Whether depreciation on lease of...

STEEL A Deal Impact: JSW and ISPAT ACQUISITION

Way back in December 2010, JSW Steel entered into an agreement with Ispat Industries Ltd to acquire 41.4% stake in Ispat at a price of Rs 19.85 per share for Rs 2,157 crore on a preferential basis. The funds were mainly...