S. 28(i) : Business loss-Unabsorbed depreciation-Carry forward and set off-Amalgamation of companies-Relates back to appointed date-Business loss and unabsorbed depreciation of transferor company allowable. [S. 32, 72]
PCIT v. Intas Pharmaceuticals Ltd. (2023)454 ITR 421/ 293 Taxman 496/ 332 CTR 731/ 225 DTR 206 (SC) Editorial : Affirmed, CIT v. Intas Pharmaceuticals Ltd. (Guj)(HC) (ITA No. 311 of 2019 dt. 23-7-2019)