Amalgamation speculative profit

Sec. 72A of IT act is for Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.

Not for speculative business adjustment!

Yes, read sec. 73 of IT act, it can be carried forward to next 4 years for adjustment against speculative profits...

Yes, only against speculative loss... but not against any loss of gambling nature...