HC remanded matter to check whether conditions laid down u/s 71A satisfied to claim benefit of set off of losses

INCOME TAX : Where Tribunal allowed assessee amalgamated company to set off losses in respect of amalgamating company, since Tribunal had not adverted to fact that whether assessee company had complied with conditions laid down in section 71A(2) which were mandatory so as to enable assessee to claim benefit of set off under section 71A, matter was to be remanded

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