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Satyam Take over

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(Querist)
09 January 2009 Restated results of Satyam shows negative balance sheet.

Hence P&L also would be with loss only.

This is not done only during this AY. The gap was created few years before and the it became so big where he could plug, as per Chairman statement.

Assume that some one is prepared to take over.

In such case whether this loss is avaialble as current year loss for the amalgamating company u/s 72.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
09 January 2009 Yes, but now IT deptt. will also going to scrutinise them.
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CHEZHIYAN

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CHEZHIYAN (Expert)
09 January 2009 This is a Special Case.....
IT will Decide about this
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