Amalgamated companies can claim unabsorbed depreciation and business losses retroactively from appointed merger date once sanctioned.

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....Disallowance of business loss and unabsorbed depreciation of amalgamated company - once the scheme is sanctioned, the same would relate back to the appointed date of amalgamation - benefit of unabsorbed depreciation and losses of a merging Company with those of principal company would be available from such date....