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Whether benefit u/s. 72A could be granting by BIFR while granting scheme of amalgamation
Case Law Details
- Case Name
- Government of India (Deptt. of Revenue), Director General of Income-tax Vs Orient Vegetax Pro Ltd. (Delhi High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Delhi High Court
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HIGH COURT OF DELHI
Government of India (Deptt. of Revenue), Director General of Income-tax
versus
Orient Vegetax Pro Ltd.
W.P. (C) No. 4163 OF 2012
CM NO. 8647 OF 2012
JULY 13, 2012
ORDER
Sanjay Kishan Kaul, J.
The respondent no.1 company went into financial difficulties and thus approached the BIFR under the Sick Industrial Companies (Special Provisions) Act, 1985 (hereinafter referred to as ‘the said Act’). In the proceedings before the BIFR, a draft rehabilitation scheme was formulated and duly circulated. Undisputedly, the petitioner/income tax department did not file any ob...
