The Supreme Court of India has held that an amalgamated company cannot claim a set-off of accumulated losses suffered by the amalgamating company under the Kerala Agricultural Income Tax Act, 1991, in the absence of specific statutory provisions or mandatory notice to the State during the amalgamation process. A Bench comprising Justice Rajesh Bindal and
Absence of Statutory Provision Bars Amalgamated Company from Setting Off Losses Under Kerala Agricultural Income Tax Act: Supreme Court
