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Income Tax - Highlights / Catch Notes

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Setoff of unabsorbed depreciation and carry forward depreciation ...

Income Tax

March 25, 2023

Setoff of unabsorbed depreciation and carry forward depreciation - Condition as prescribed u/s 72A(6) - Merger of partnership firm into Company - percentage of holding that the aggregate of the shareholding in the company of the partners of the firm is not less than 50% of the total voting power and their shareholding continues to be as such for a period of 5 years from the date of succession. - AT

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