https://www.taxtmi.com/caselaws?id=374312 The court partially favored the assessee and partially the revenue in a case concerning the applicability of Section 79 of the Income Tax Act, 1961 to companies undergoing amalgamation. The court allowed the carry-forward of business losses by the acquiring company despite the amalgamation and change in the company's status, emphasizing the need to meet statutory requirements for claiming business losses. en-us Tue, 22 Jan 2019 00:00:00 +0530 Wed, 30 Jan 2019 08:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374312 The court partially favored the assessee and partially the revenue in a case concerning the applicability of Section 79 of the Income Tax Act, 1961 to companies undergoing amalgamation. The court allowed the carry-forward of business losses by the acquiring company despite the amalgamation and change in the company's status, emphasizing the need to meet statutory requirements for claiming business losses. Case-Laws Income Tax Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374312