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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Setting off of brought forward business loss and unabsorbed ...

Case Laws     Income Tax

February 28, 2015

Setting off of brought forward business loss and unabsorbed depreciation - There is no evidence on record to prove that amalgamating company was engaged in business in which the accumulated loss occurred or depreciation remains unabsorbed for three or more years as on the date of amalgamation. - AT

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