Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation

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Full Text of the Document

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....) of section 72A shall be the following, namely :- (a) the amalgamated company, owning an industrial undertaking of the amalgamating company by way of amalgamation, shall achieve the level of production of at least fifty per cent of the installed capacity of the said undertaking before the end of four years from the date of amalgamation and continue to maintain the said minimum level of p....