Any option we can explore for tax benefits other than merger

This query is : Resolved

Sandeep Rohatgi (Querist)
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04 November 2008 TThe company was incorporated on Dated 14th July 2004 . The company started Restaurant operations in the May 2005 . The company got registered trade mark as for various categories of business .

The restaurant business was continued by the company till March 2008 . The Company has also exported frozen food to United Kingdom . Due to heavy operational cost the following losses as per income tax are accumulated .
Carried forward Losses as per Income Tax

Financial Year Amount of
2004-05 2005-06 91,34,695/-
2005-06 2006-07 2,69,66,192/-
2006-07 2007-08 6,99,24,454/-
2007-08 2008-09 6,62,82,482/-

Kindly advise if there is any option available with the company to avail tax benefit .

As per the provisions of Section 99.1 amalgamation we are not able to meet the requirement of Clause C ( Keeping 3/4 assets continously ).

Can any other method we can opt for amalgamation .