Provisions of Section 72A would be applicable only when ‘amalgamating company’ and not ‘amalgamated company’ has accumulated losses

Wrigley India Private Ltd Vs ACIT (ITAT Delhi)- Whether the Tax Officer has, inter alia, erred in disallowing the claim of brought forward losses and un absorbed depreciation of the Taxpayer post amalgamation?

The Tribunal agreed with the position taken b

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