The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has held that MAT credit of the transferee company can be carried forward and set off against tax liability of the amalgamated company. In the revised return of income, the assessee had set off the current year’s business loss and depreciation of Rs.6,41,89,512/- against a…
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now 
