https://www.taxtmi.com/forum/issue?id=120332 Successor company must claim advance tax paid by the transferor as its own and may carry forward the transferor's MAT credit subject to conditions. Income and losses are to be bifurcated strictly up to the effective date of succession regardless of payment dates. The modified return should disclose these adjustments in Schedule IT, Schedule MATC and Part A-General, with supporting documentation including the certified NCLT order, split computations, MAT workings, advance tax challans and recommended auditor certificate. If the transferor has already filed, revise its return and expect administrative rectification for any refund mismatches. en-us Fri, 08 Aug 2025 16:22:57 +0530 Fri, 19 Dec 2025 11:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120332 Successor company must claim advance tax paid by the transferor as its own and may carry forward the transferor's MAT credit subject to conditions. Income and losses are to be bifurcated strictly up to the effective date of succession regardless of payment dates. The modified return should disclose these adjustments in Schedule IT, Schedule MATC and Part A-General, with supporting documentation including the certified NCLT order, split computations, MAT workings, advance tax challans and recommended auditor certificate. If the transferor has already filed, revise its return and expect administrative rectification for any refund mismatches. Discussion-Forum Income Tax Fri, 08 Aug 2025 16:22:57 +0530 https://www.taxtmi.com/forum/issue?id=120332