Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
Explanation: This is merely supposed to be my explanation of Sven's answer. The loss can't be allowed against profits as not clear which of the merged companies - or the merged company - it is attributable to.
Upon any consolidation or merger or any transfer of all or substantially all of ...... INCOME TAX MATTERS As the division has made a tax allowable loss for ...