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    <title>Amalgamating Company Lacks Evidence of Active Business Engagement Leading to Losses or Depreciation Before Amalgamation.</title>
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    <description>Setting off of brought forward business loss and unabsorbed depreciation - There is no evidence on record to prove that amalgamating company was engaged in business in which the accumulated loss occurred or depreciation remains unabsorbed for three or more years as on the date of amalgamation. - AT</description>
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