Additional criteria that the resulting company needs to meet in a demerger for the purpose of set-off and carry forward of losses and depreciation allowances [ Section 72A(4)&(5) ]

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....d allowance for depreciation [ Section 72A(4) & (5) ] Notwithstanding anything contained in any other provisions of this Act, in the case of a demerger, the accumulated loss and the allowance for unabsorbed depreciation of the demerged company shall- * (a) where such loss or unabsorbed depreciation is directly relatable to the undertakings transferred to the resulting company, * be allowed to....