https://www.taxtmi.com/caselaws?id=269207 The appeal of the revenue was dismissed, confirming that the demerger was valid under section 2(19AA) of the Income Tax Act. The assessee was deemed eligible to carry forward losses and unabsorbed depreciation amounting to Rs. 46,57,12,585 under section 72A(4). The tribunal upheld the CIT(A)'s decision, emphasizing the revenue's inconsistency in accepting the demerger for the demerged company but disputing it for the resulting company. en-us Fri, 04 Dec 2015 00:00:00 +0530 Thu, 10 Dec 2015 08:25:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269207 The appeal of the revenue was dismissed, confirming that the demerger was valid under section 2(19AA) of the Income Tax Act. The assessee was deemed eligible to carry forward losses and unabsorbed depreciation amounting to Rs. 46,57,12,585 under section 72A(4). The tribunal upheld the CIT(A)'s decision, emphasizing the revenue's inconsistency in accepting the demerger for the demerged company but disputing it for the resulting company. Case-Laws Income Tax Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269207