Set off of brought forward lossess
This query is : Resolved
shweta bombe
(Querist)
17 February 2012
A Ltd has applied for liquidation in 1986. All the accounts are maintained by the liquidator. Before liquidation order has been passed, company has REVIVED in 2010. A Ltd is having brought forward lossess. Can these lossess can be claimed now as almost more than 16 to 17 years ?
Please reply.
Its urgent.
Please reply.
Its urgent.
CA PARAS BAFNA
(Expert)
19 February 2012
In my view only depreciation loss can be claimed in the given circumstances.
.
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