Business reorganisation: successors must file a modified income-tax return post-order to reflect the order in prescribed form.

Section 170A mandates that where a court, tribunal or adjudicating authority issues an order in respect of a business reorganisation and a successor has already filed a return for affected assessment year(s), the successor must, within a prescribed post-order period, furnish a modified return in the prescribed form and manner that is in accordance with and limited to that order. "Business reorganisation" covers amalgamation, de merger or merger; "successor" includes all resulting companies whether pre-existing or newly formed.

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