Amalgamations under section 44 of the Income Tax Act not necessarily amalgamations under section 113 of the Companies Act
If two companies undertake an amalgamation transaction which qualifies for tax relief under section 44 of the Income Tax Act, it does not mean that section 113 of the Companies Act which deals with amalgamations and mergers necessarily applies. Section 113 of the Companies Act deals with statutory amalgamations and mergers, and certain consequences flow […]