AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required

Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Aggregation of losses in the case of certain companies

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....g year loss from ordinary sources' or 'unabsorbed preceeding year loss from the special source' with the income of the financial year unless it satisfies the test of continuity of ownership. (2) The closely-held company shall satisfy the test of continuity of ownership referred to in sub-section (1), if - (a) the shares of the company beneficially held by persons, carrying not less than fift....

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Aggregation of losses in the case of certain companies