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Carry forward of losses

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(Querist)
10 August 2016 There is a company having carried forward losses. The company is merging with another company. whether losses of merging company can be adjusted against profits of merged company?
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Amol S Joglekar

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Amol S Joglekar (Expert)
10 August 2016 yes, it is possible. refer section sec 72A

https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx
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