Revenue Cannot Contradict Itself in Valid Demerger Case u/s 2(19AA) of Income Tax Act.

Revenue Cannot Contradict Itself in Valid Demerger Case u/s 2(19AA) of Income Tax Act. https://www.taxtmi.com/highlights?id=26338 Valid ‘demerger’ u/s 2(19AA) - carry forward of loss and unabsorbed deprecation - in the case of demerged company revenue has already taken a stand that the transaction is of Demerger, now it cannot be allowed to take a different stand in case of resulting assessee Company. - Revenue cannot blow hot and cold in same breathe - AT en-us Thu, 10 Dec 2015 11:39:36 +0530 Thu, 10 Dec 2015 11:39:36 +0530 TaxTMI RSS Generator Revenue Cannot Contradict Itself in Valid Demerger Case u/s 2(19AA) of Income Tax Act. https://www.taxtmi.com/highlights?id=26338 Valid ‘demerger’ u/s 2(19AA) - carry forward of loss and unabsorbed deprecation - in the case of demerged company revenue has already taken a stand that the transaction is of Demerger, now it cannot be allowed to take a different stand in case of resulting assessee Company. - Revenue cannot blow hot and cold in same breathe - AT Highlights Income Tax Thu, 10 Dec 2015 11:39:36 +0530 https://www.taxtmi.com/highlights?id=26338