asset value of the said divisions as on the date of takeover , was
recognized in the books of accounts of the assessee, after the takeover ... over the net asset value of said
divisions on the date of takeover.
8. Now the assessee being aggrieved by the dismissal of its first
fees
for increase in authorized share capital in connection with the demerger/
takeover of training division being a substantive expansion.
(b) The expenses were incurred ... respect of increase in authorised share
capital in connection of takeover of training division from Hexaware
Technologies Limited which is an extension of its industrial
value of
₹8,41,79,891/-, the said consensus for the
takeover would have been agreed upon and this
does not amount to slum sale ... employee upto the date of
30.06.2011 for the purpose of takeover has
been arrived at ₹Nil."
This clearly proves that the business
Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 1997. In. para
44, it was observed as under:"
The other
Piramal Healthcare Ltd, Mumbai vs Dcit 7(1), Mumbai on 7 May, 2019
P a
Kansai Nerolac Paints Ltd, Mumbai vs Addl Cit Rg 6(2), Mumbai on 15 May
crores. It is also brought to our notice that subsequent to the takeover,
the assessee company filed petitions with the concerned departments for
registration
Accordingly, the A.O was of
the view that as the takeover of Tech Pacific Holding India Ltd. by M/s
Ingram Micro ... involved takeover of Tech Pacific Holding India
Ltd., which was a company registered in India, therefore, the same
had resulted into a transfer of assets
Colagate-Palmolive (I) Ltd, Mumbai vs Addl Cit 10(3), Mumbai on 11 September, 2019
Securities and
Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations, 1997. In. para 44, it was observed as under:
"The other
