Amalgamated company is entitled to set off and carry forward the ...
Amalgamated companies can offset and carry forward losses and unabsorbed depreciation from amalgamating companies from year one.
November 27, 2013
Case Laws Income Tax AT
Amalgamated company is entitled to set off and carry forward the brought forward business losses and unabsorbed depreciation of the amalgamating company from the very first year of the amalgamation - AT
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