A Co. Ltd. has business loss and unabsorbed depreciation of ₹ 10 crores. B Co.Ltd. is profit making company. B Co. Ltd. wanted to acquire A Co. Ltd. with the benefit of set off of brought forward loss and unabsorbed depr
CS Executive · Tax Laws and Practice · PYQS · June 2017
A Co. Ltd. has business loss and unabsorbed depreciation of ₹ 10 crores. B Co.Ltd. is profit making company. B Co. Ltd. wanted to acquire A Co. Ltd. with the benefit of set off of brought forward loss and unabsorbed depreciation. The legally permissible method is :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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