Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Section 56(2)(vii)(c)(ii) Not Applicable to Public Ltd Company for Share Allotment in Amalgamation: ITAT
Corporate ComplianceIncome Tax
The ITAT ruled that Section 56(2)(viic)(ii) does not apply to a public limited company for share allotment in an amalgamation. The decision clarifies the scope of the provision, preventing undue tax liabilities in corporate restructuring.
