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Amalgamation is one of the modes of corporate restructuring wherein the predecessor company(s) ceases to exist once the scheme of amalgamation is approved by the NLCT (earlier by the Hon’ble High Court) and such approved scheme of amalgamation is placed before the ROC. Let us look at some of the provisions relating to the assessment of these entities as enumerated under the Income Tax Act, 1961.Amalgamation is one of the modes of corporate restructuring wherein the predecessor company(s) ceases to exist once the scheme of amalgamation is approved by the NLCT (earlier by the Hon’ble High Court) and such approved scheme of amalgamation is placed before the ROC. Let us look at some of the provisions relating to the assessment of these entities as enumerated under the Income Tax Act, 1961.taxmann.com Latest ArticlesRead More