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Following the footprints of the global announcement made by AB SKF, SKF India Limited decided to split its Industrial business from the automotive business.SKF India Limited (“SKF India” or the “Demerged Company”) is...
Cello World Limited (“CWL” or “Transferee Company”) is a company incorporated under the provisions of the Act. CWL is engaged in the business of trading of “Consumer Products” namely plastic and rubber products...
Recently, Hon’ble the Supreme Court reiterated that reduction in share capital is covered under Section 2(47) of the Income Tax Act, 1961 and the assessee is eligible to claim losses.Facts of the Case:Jupiter Capital...
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