Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation

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..... ection 72A shall be the following, namely :- (a) the amalgamated company, owning an industrial undertaking of the amalgamating company by way of amalgamation, shall achieve the level of production of at least fifty per cent of the installed capacity of the said undertaking before the end of four years from the date of amalgamation and continue to maintain the said minimum level of production till .....

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..... ribed level of production is achieved and for subsequent assessment years relevant to the previous years falling within five years from the date of amalgamation. Explanation. For the purposes of this rule,- (a) installed capacity means the capacity of production existing on the date of amalgamation; and (b) accountant means the accountant as defined in the Explanation below sub-section (2) of sect .....

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