Amalgamated companies can offset and carry forward losses and unabsorbed depreciation from amalgamating companies from year one. https://www.taxtmi.com/highlights?id=16093 Amalgamated company is entitled to set off and carry forward the brought forward business losses and unabsorbed depreciation of the amalgamating company from the very first year of the amalgamation - AT en-us Wed, 27 Nov 2013 00:50:24 +0530 Wed, 27 Nov 2013 00:50:24 +0530 TaxTMI RSS Generator Amalgamated companies can offset and carry forward losses and unabsorbed depreciation from amalgamating companies from year one. https://www.taxtmi.com/highlights?id=16093 Amalgamated company is entitled to set off and carry forward the brought forward business losses and unabsorbed depreciation of the amalgamating company from the very first year of the amalgamation - AT Highlights Income Tax Wed, 27 Nov 2013 00:50:24 +0530 https://www.taxtmi.com/highlights?id=16093