Late Tax Return Filing Approved for Amalgamated Entity; Business Losses and Depreciation Carry Forward Permitted Despite Delay.

Late Tax Return Filing Approved for Amalgamated Entity; Business Losses and Depreciation Carry Forward Permitted Despite Delay. https://www.taxtmi.com/highlights?id=25586 Revised return filed beyond the permissible date - Set off of brought forward business loss and unabsorbed depreciation of amalgamating company - revised return reflecting the consolidated results of the amalgamated entity was filed beyond the permissible time limit u/s 139(5) - This is due to the fact of delayed passing of the order of the High Court approving the scheme of merger - benefit of carry forward of loss allowed - AT en-us Wed, 28 Oct 2015 12:16:15 +0530 Wed, 28 Oct 2015 12:16:15 +0530 TaxTMI RSS Generator Late Tax Return Filing Approved for Amalgamated Entity; Business Losses and Depreciation Carry Forward Permitted Despite Delay. https://www.taxtmi.com/highlights?id=25586 Revised return filed beyond the permissible date - Set off of brought forward business loss and unabsorbed depreciation of amalgamating company - revised return reflecting the consolidated results of the amalgamated entity was filed beyond the permissible time limit u/s 139(5) - This is due to the fact of delayed passing of the order of the High Court approving the scheme of merger - benefit of carry forward of loss allowed - AT Highlights Income Tax Wed, 28 Oct 2015 12:16:15 +0530 https://www.taxtmi.com/highlights?id=25586