Home / 
Firm Restructuring Affects Loss Carry Forward, But Unabsorbed Depreciation Continues u/s 32(2) of Income Tax Act.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Change in constitution of firm or on succession – Restriction to carry forward losses - Unabsorbed depreciation is carried forward u/s 32(2) and are not brought forward losses which are carried forward u/s 78 - AT....
TaxTMI