Hon’ble Supreme Court in their order dated 4th
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ITAT held that the reserve created on amalgamation is capital in nature and not taxable as perquisite
Recently, the Income Tax Appellate Tribunal, Mumbai held that the reserve created on amalgamation is capital in nature and not taxable as perquisite.Facts of the Case:The appeal is filed by the Deputy Commissioner of...
2 days ago
Cement Sector Consolidation Continues: Orient Cement to be acquired by Adani Group’s Ambuja Cement
The shopping spree for the Adani Group seems to be unstoppable. Recently, Adani Group announced yet another acquisition in cement space. This time it is Orient Cement Limited. Within no time Adani Group has become...
4 days ago
Delta Corp decides to separate its Hospitality and Gaming Business
Recently, Delta Corp Limited announced the separation of its Hospitality business into a separate company through a demerger.Delta Corp Limited (“Demerged Company”) is the only listed company engaged in the gaming...
7 days ago