Development allowance transfer: carry-forward limited and conditions continue to bind amalgamated company after amalgamation in respect of land. Where land on which development allowance had been allowed is transferred in a scheme of amalgamation, the amalgamated company must continue to satisfy the original reserve and non disposal conditions and faces the same default consequences as the amalgamating company; any balance of development allowance outstanding to the amalgamating company is allowable to the amalgamated company under the carry forward rules, subject to the overall carry forward period limit, and the amalgamated company is treated as the assessee for the land.