https://www.taxtmi.com/acts?id=3694 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. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 18 May 2026 16:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3694 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. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3694