ITAT denies tax-neutral demerger; adopts strict view of “resulting company”
The Mumbai ITAT, in the context of the Sterling Holidays / Thomas Cook group restructuring, examined the tax neutrality of a demerger involving a non-conventional structure.
The Mumbai ITAT, in the context of the Sterling Holidays / Thomas Cook group restructuring, examined the tax neutrality of a demerger involving a non-conventional structure.