ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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TABLE A larly some workers might have left and may not be interested in pursuing their claims. Also, it is not beyond the realm of possibility that even current assets would bo understated if it is known that the merger was to take place, especially where there is a managment linkage, between the absorbing company and the merged company. This would imply that while the tax rebate should be calculated on a notional value on the basis of losses which represent the extra liabilities over the assets, in actual practice the excess of liability over assets may be very small and may be even negative.

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