On the amalgamation of a company owning an industrial undertaking with another company, where the…

Section 116(1) of the Income-tax Act, 2025 deems the accumulated loss and unabsorbed depreciation of the amalgamating company to be the loss or unabsorbed depreciation of the amalgamated company for the tax year of amalgamation, so the normal set off and carry forward provisions apply to it. Section 33(5) caps the combined depreciation of the two companies for that year and allows it pro rata based on the number of days each used the assets. Hence "All of the given options are correct". These provisions correspond to sections 72A and 32 of the repealed Income-tax Act, 1961.