assessee adopted 'Purchase Method' as
against 'Pooling of Interest' method for the purpose of amalgamation, which was
without any justification ... investment(shares) of the transferor company.
12d. In the "Pooling Of Interest Method"(in the nature of merger), the assets,
liabilities and reserves
Maharashtra Stae Road Development ... vs Dcit 5(2), Mumbai on 25 January, 2018
आयकर अपील
financial statements. The assessee has accounted the
transaction on Pooling of Interest Method as envisaged in
Accounting Standard-14 issued by ICAI. This method
treatment as
contemplated in the Scheme is by way of pooling of interests method which has
been certified by the statutory auditors. It is being
funds
for an amount of Rs.517.38 crores and had claimed interest
16
expenditure of Rs.8.93 crores. The assessee was asked ... acceptable to the AO.
AO noted that assessee had not kept separate pool of funds for
managing the activities of earning exempt income
Rajasthan Land Pooling Schemes Act, 2016
RAJASTHAN
India
Rajasthan Land Pooling Schemes Act, 2016
Act
West Bengal Municipal Act, 1993
WEST BENGAL
India
West Bengal Municipal Act, 1993
Act 22
The M.P. Municipalities Act, 1961
MADHYA PRADESH
India
The M.P. Municipalities Act, 1961
Justice K.S.Puttaswamy(Retd) vs Union Of India on 26 September, 2018
Equivalent citations
Arcelormittal India Private Limited vs Satish Kumar Gupta on 4 October, 2018
Equivalent citations: AIR
