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SC Dismisses Revenue SLPs in Reliance Industries Amalgamation Tax Dispute

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Summary

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  • The Supreme Court has dismissed Special Leave Petitions (SLPs) filed by the Revenue in a tax dispute involving Reliance Industries.
  • This decision follows a fresh tax notice issued to Reliance Industries regarding the amalgamation of its companies.
  • The Bombay High Court had previously quashed the assessments related to these merged entities.
  • This ruling could significantly impact future tax assessments in similar amalgamation cases.

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