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conversion of firm into a company and tax credit

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06 December 2008 A partnership firm is converted in to a private limited company in february. It had paid advance tax for income tax and FBT. It has filed separate returns for firm and company. The firm has refund of Rs. 8 lacs and the company has tax liability of 11 lacs. Can company get set off for 8 lacs against 11 lacs? Under which section?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 December 2008 Already answered.
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