Whether Transferor entity/entities and Transferee entity are companies as per I-Tax Act i.e. an Indian company or any body corporate incorporated by or under the laws of a country outside India or Any body corporate which is declared by general or special order of the Board to be a company?

Whether the Transferor company/companies ceases to exist after amalgamation?

Conditions are not satisfied for amalgamation definitions as per Income Tax Act.

Conditions are not satisfied for amalgamation definitions as per Income Tax Act.

Whether all property and liabilities of the Transferor company/companies becomes the property and liability of Transferee company?

Conditions are not satisfied for amalgamation definitions as per Income Tax Act.

Whether the transfer of property is by way of purchase of such property by the transferee or as a result of distribution to transferee after the winding up of the transferor company?

Conditions are not satisfied for amalgamation definitions as per Income Tax Act.

Whether shareholders holding not less than 3/4 th in value of the shares in the Transferor company become shareholders of Transferee company (other than shares already held by Transferee company)?

Conditions are not satisfied for amalgamation definitions as per Income Tax Act.

All conditions are satisfied for amalgamation definitions as per Income Tax Act. Now you can check for the carry forward of accumulated losses Welcome to Check List for Carry forward of accumulated losses and unabsorbed depreciation u/s 72A. In order to get the benefit of carry forward of accumulated losses and unabsorbed depreciation of the Transferor Company; Transferee Company has to satisfy following specific conditions Whether Transferor company is a company owning an industrial undertaking or a ship?

Conditions are not satisfied for amalgamation definitions as per Income Tax Act.

Whether at least 75% of the book value of fixed assets is held continuously for a minimum period of 5 years from the date of amalgamation?

Conditions are not satisfied for for the purpose of carry forward of losses.

Whether the Transferee company carries on the business of Transferor company for a period of atleast 5 years from the date of amalgamation?

Conditions are not satisfied for for the purpose of carry forward of losses.

Whether such other conditions as may be prescribed to ensure the revival of business taken over in the scheme of amalgamation for genuine business purpose are fulfilled?

Conditions are not satisfied for for the purpose of carry forward of losses.

All conditions are satisfied for Carry forward of accumulated losses and unabsorbed depreciation u/s 72A.

Whether such other conditions as may be prescribed to ensure the revival of business taken over in the scheme of amalgamation for genuine business purpose are fulfilled?

Conditions are not satisfied for for the purpose of carry forward of losses.