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1976 (12) TMI 138 - HC - Companies LawExtract: .......income-tax or sales-tax liability. The scheme as passed by the shareholders of the two companies contains some superfluous terms which have been suitably amended. A provision has also been made for possible income-tax or sales-tax liability. I have approved a draft of the formal order to be passed in Forms Nos. 41 and 42. The petition is dismissed.
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