Assessing Officer Misapplies Section 72A, Incorrectly Disallows Bad Debts in Company Amalgamation Case.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Disallowance of bad debts - AO wrongly placed reliance on Section 72A which pertains to carry forward and set off of the accumulated loss and unabsorbed depreciation allowance in case of amalgamation of company - HC....


TaxTMI