Valid ‘demerger’ u/s 2(19AA) - carry forward of loss and ...

Revenue Cannot Contradict Itself in Valid Demerger Case u/s 2(19AA) of Income Tax Act.

December 10, 2015

Case Laws Income Tax AT

Valid ‘demerger’ u/s 2(19AA) - carry forward of loss and unabsorbed deprecation - in the case of demerged company revenue has already taken a stand that the transaction is of Demerger, now it cannot be allowed to take a different stand in case of resulting assessee Company. - Revenue cannot blow hot and cold in same breathe - AT

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Valid ‘demerger’ u/s 2(19AA) - carry forward of loss and ...

Revenue Cannot Contradict Itself in Valid Demerger Case u/s 2(19AA) of Income Tax Act.

December 10, 2015

Case Laws Income Tax AT

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