https://www.taxtmi.com/caselaws?id=343474 The Revenue's appeal was dismissed as the CIT(A) found that the scheme did not meet the definition of "demerger" under Section 2(19AA), allowing the assessee to carry forward and set off losses and unabsorbed depreciation. The reassessment proceedings' validity challenge was not addressed due to the Revenue's appeal dismissal. en-us Wed, 24 May 2017 00:00:00 +0530 Fri, 26 May 2017 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343474 The Revenue's appeal was dismissed as the CIT(A) found that the scheme did not meet the definition of "demerger" under Section 2(19AA), allowing the assessee to carry forward and set off losses and unabsorbed depreciation. The reassessment proceedings' validity challenge was not addressed due to the Revenue's appeal dismissal. Case-Laws Income Tax Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343474