RULE 60 INCOME-TAX RULES 2026 Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation.
RULE 60 INCOME-TAX RULES 2026 RULE 60 INCOME-TAX RULES 2026 Conditions for carrying forward or set-off of accumulated loss and unabsorbed depreciation allowance in case of amalgamation. 60. (1) The conditions referred to in section 116(4)(b)(iii) shall be the following:— (a) the amalgamated company, owning an industrial undertaking of the amalgamating company by way of amalgamation,… Read More »