Set-off of accumulated losses and unabsorbed depreciation: not allowed in provisional assessments under section 141A. The Board advises that accumulated losses and unabsorbed depreciation of an amalgamating company, though transferable under section 72A subject to ... Summary
Set-off of accumulated losses and unabsorbed depreciation: not allowed in provisional assessments under section 141A.
The Board advises that accumulated losses and unabsorbed depreciation of an amalgamating company, though transferable under section 72A subject to conditions, shall not be given effect to in provisional assessments under section 141A where those amounts have not been computed in regular assessments; such set-offs must await computation in the regular assessment process.
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