Supreme Court of India

ASPINWALL AND CO. LTD. versus INSPECTING ASSISTANT COMMISSIONER

2026 INSC 359

Case number
CIVIL APPEAL No. 7796/2012
Judgment date
2026-04-13
Petitioner / appellant
ASPINWALL AND CO. LTD.
Respondent
INSPECTING ASSISTANT COMMISSIONER
Neutral citation
2026 INSC 359
Other citation
[2026] 5 S.C.R. 160
CNR
ESCR010001412026
Bench / judges
RAJESH BINDAL
Author judge
RAJESH BINDAL
Bench size
2 Judges
Disposal nature
Dismissed
Judgment year
2026

Issue for consideration

Whether in terms of the provisions of Kerala Agricultural Income Tax Act, 1991, the amalgamated company as successor of the amalgamating company shall be entitled to set-off of the losses suffered.

Headnote excerpt

Kerala Agricultural Income Tax Act, 1991 – ss.12, 54 s.72A – A company named PRP amalgamated with the appellant company – The scheme of amalgamation was sanctioned in November 2006 – The appointed date was fixed as 01.01.2006 – There were accumulated losses in the balance sheet of amalgamating company – The issue

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