consideration, the assessee decided to restructure and reorganise the company by spinning off its "Panasonic Division" to Matsushita Television & Audio India ... scheme of arrangement which provided that assessee company was to spin off the entire property, rights and powers including the technical assistance and know
acquired the
Domestic Formulation Undertaking (DFU) under the arrangement of
spin off from its holding company, SPIL. The DFU comprised
various assets including intangible assets ... intangible assets so
received under the spin off arrangement were recognized for the
first time by the Appellant at a value reflective of their fair
GGPL, thereafter entered into an agreement dated 16.04.1998 with NPIL
for spin off, sell and transfer as slump sale with effect from 01.04.1998, which ... Gujarat Glass Division.
E. PEL and NPIL therefore are desirous to spin off the said Gujarat Glass Division
of GGL to be a separate subsidiary
years' time. It was, therefore, necessary to spin off the tube division into a separate company and restructure its debt and equity through ... unit for blast furnace at Hospet in Karnataka. The decision to spin off tube division was taken by the company to improve the viability
other than Eyewear business conducted by the Target Company being hive off/spun off and therefore by merely entering into the said agreement by itself ... could get and in fact got the necessary Resolution passed for spinning off non Eyewear business of the Target Company. He submitted that the ground
company in 2-3 years time. It was, therefore, necessary to spin off the tube division into a separate company and restructure its debt ... unit for blast furnace at Hospet in Karnataka. The decision to spin off tube division was taken by the company to improve the viability
Purchase Agreement. In order for it to spin off the Business which was the subject matter of the auction sale, it was necessary for Seller ... Third Amendment"). The Third Amendment also reiterated that if the spin off in India of the businesses other than the Business was not achieved
Ece Industries Ltd. vs Deputy Commissioner Of Income Tax on 29 September, 2006
Equivalent citations
includes such corporate actions as
mergers, acquisitions/ amalgamations/ absorption, divestitures,
demergers (spin-offs and debt-equity changes.
The different methods of restructuring and their implications ... difference in
valuation, if any in cash.
iii) Demergers or Spin-offs
Demerger involves spinning off (profitable or robust) parts of a
diversified company into
from the board room to the court room.
20. As a spin off of the main dispute relating to the expansion programme, a number
