TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 170 of Income-tax Act: New Rules for Tax Proceedings in Business Reorganizations Effective April 2022.</h1> Clause 53 of the Finance Bill, 2022 proposes an amendment to section 170 of the Income-tax Act, introducing sub-section (2A). This sub-section addresses business reorganisations, such as amalgamations, de-mergers, or mergers, by deeming assessments or proceedings conducted on the predecessor during the reorganisation as having been made on the successor. The amendment includes definitions for 'business reorganisation' and 'pendency,' specifying the period from the application filing to the receipt of the order by tax authorities. This change is effective from April 1, 2022, ensuring continuity and validity of tax proceedings during business restructures.
TaxTMI 
TaxTMI 
