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In the case of an amalgamation, which of the following is true under the Income-tax Act, 2025?

Under the Income-tax Act, 2025 (formerly section 72A of the Income-tax Act, 1961), where the prescribed conditions are satisfied, "The accumulated loss of the amalgamating…

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In the case of an amalgamation, which of the following is true under the Income-tax Act, 2025?

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Correct answer A

Under the Income-tax Act, 2025 (formerly section 72A of the Income-tax Act, 1961), where the prescribed conditions are satisfied, "The accumulated loss of the amalgamating company shall be deemed to be the loss of the amalgamated company for the tax year in which the amalgamation was effected."

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