Under section 72A of Income tax act, 1961 carry forward and setting off of accumulated losses and unabsorbed depreciation of the amalgamating company is allowed against the __________ profits of the amalgamated company in order to encourage revival of sick units.

Related MCQs

• The tax relief under section 72A will be avail if the amalgamation is between ________
• When sick industries gets merged with healthy units with financial package is termed as- -----
• _____________ takeovers are substantial acquisition of shares in a financially weak company not being a sick industrial company.
• Amalgamated entities can assess to _______ number of market resources.
• When an acquirer company takeovers the control over the other company against the wishes of targeted company’s management considered as ____________
• ___________ is a disjoining or a separation of one or more units of a company to form a new company independent from the original one.
• ________ is a technique of corporate restructuring in which an independent company is created from parent company in order to promote specialization.
• Under _________ Strategy, the target company attempts to purchase the shares of the raider company.
• ___________ is the form of demerger where shareholders of existing company form a new company to takeover specific division of existing company.
• A-------------- is a type of corporate action in which an acquiring company makes an offer to the target company's shareholders to buy the target company's shares to gain control of the business.