Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Amalgamation loss carry forward conditions require minimum production levels, verified certification, and possible government relaxation in suitable cases. Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance on amalgamation require the amalgamated company to achieve production of at least fifty per cent of installed capacity within four years from the date of amalgamation and maintain that minimum level until the end of five years. The Central Government may relax the production level or the time limit in suitable cases. The company must also furnish a verified certificate in Form No. 62 with the return of income for the relevant and subsequent assessment years.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Amalgamation loss carry forward conditions require minimum production levels, verified certification, and possible government relaxation in suitable cases.
Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance on amalgamation require the amalgamated company to achieve production of at least fifty per cent of installed capacity within four years from the date of amalgamation and maintain that minimum level until the end of five years. The Central Government may relax the production level or the time limit in suitable cases. The company must also furnish a verified certificate in Form No. 62 with the return of income for the relevant and subsequent assessment years.
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