https://www.taxtmi.com/caselaws?id=790324 Section 79 did not bar carry forward and set off of brought forward business losses after amalgamation because the beneficial shareholding pattern remained materially unchanged, and the persons holding the requisite voting power on the loss-incurring dates continued to hold at least 51% in the relevant year; the Revenue's objection therefore failed. An additional depreciation claim made through a revised computation was also allowable because the restriction in Goetze (India) Ltd. applies only to fresh claims before the Assessing Officer and does not limit appellate authority, which may examine an admissible claim on the existing record; the claim was thus upheld. The Revenue's appeal failed in full. en-us Fri, 17 Apr 2026 00:00:00 +0530 Thu, 23 Apr 2026 09:45:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790324 Section 79 did not bar carry forward and set off of brought forward business losses after amalgamation because the beneficial shareholding pattern remained materially unchanged, and the persons holding the requisite voting power on the loss-incurring dates continued to hold at least 51% in the relevant year; the Revenue's objection therefore failed. An additional depreciation claim made through a revised computation was also allowable because the restriction in Goetze (India) Ltd. applies only to fresh claims before the Assessing Officer and does not limit appellate authority, which may examine an admissible claim on the existing record; the claim was thus upheld. The Revenue's appeal failed in full. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790324