Benefit of carry forward and set off available to amalgamating company is also available to amalgamated company

Capgemini Technology Services India Limited Vs DCIT (ITAT Pune)

ITAT Pune held that as the business of amalgamating company continues uninterruptedly by amalgamated company, the benefit of carry forward and set off earned by amalgamating company is available to amalgamated company.

Facts-

The first major issued raised by the assessee, through ground no. 9, is against not allowing brought forward long term capital loss of Rs.104,46,39,309

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