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2023 (11) TMI 119 - ITAT DELHISet off of brought forward losses and unabsorbed depreciation of Amalgamating Company - requirement of complying with section 72A - assessee company was amalgamated with its 100% subsidiary company - HELD THAT:- CIT(A) by placing reliance on the order passed by his predecessor in assessee’s own case upheld the action of the ld. AO in disallowing the claim of depreciation on non-compete fees and also by placing reliance on the decision of Sharp Business System [2012 (11) TMI 324 - DELHI HIGH COURT] CIT(A) also upheld the action of the ld. AO in disallowing the set off of brought forward losses during the year. Before us, no cogent evidences has been brought on record by the assessee to buttress the categorical findings recorded by the ld. CIT(A). Hence not to interfere in the order passed by the ld. CIT(A). Accordingly, the grounds raised by the assessee are dismissed.
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