Department successfully invokes GAAR in merger proccedings before NCLT

Author Topic: Department successfully invokes GAAR in merger proccedings before NCLT  (Read 122 times)

Shakunca

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In case of Ajanta Pharma Ltd the NCLT has rejected a Scheme of Merger relying, among other things, on the Incxome-Tax Department's claim that GAAR was applicable. Please find a comprehensive analysis at this link: https://www.linkedin.com/pulse/even-before-starter-fires-starting-gun-income-tax-nilesh/