I-T and MCA Officials to work in unison to avoid restructuring schemes intending to deceive revenue:

IT : Section 79 of The Income-Tax Act, 1961 - Losses - Carry Forward and Set Off of in Case of Certain Companies - Department's Objections to Merger/Amalgamation/Demerger/Reconstruction Scheme of Companies not Entertained by High Courts - Remedial Measures to be Taken by Department Therefor