26 May 2009
Whether any Notification has been issued under Section 72A(5) for availing benefit of carry forward and set off of losses and depreciation on demerger.
If so, please provide the No. and date and if possible the content of the notification.
28 May 2009
The condition for demerger are provided in section 2(19AA) the text is as following. You can see this section for this purpose
Circular no 350 Has been issued in 1982 on 72A for issuing such guidelines on amalmagations Hope this serves your purpose. Please see my Blog for the content of circular 350.
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