Carry forward of accumulated loss limited to eight assessment years for successor entities after business reorganisations. Where an amalgamation or business reorganisation effected on or after 1st April, 2025 results in accumulation of predecessor losses deemed to be successor losses, such losses shall be carried forward by the successor entity for not more than eight assessment years immediately succeeding the assessment year in which the loss was first computed for the original predecessor entity, and 'original predecessor entity' is defined as the predecessor in respect of the first amalgamation or first business reorganisation under the specified sub-sections.
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Carry forward of accumulated loss limited to eight assessment years for successor entities after business reorganisations.
Where an amalgamation or business reorganisation effected on or after 1st April, 2025 results in accumulation of predecessor losses deemed to be successor losses, such losses shall be carried forward by the successor entity for not more than eight assessment years immediately succeeding the assessment year in which the loss was first computed for the original predecessor entity, and "original predecessor entity" is defined as the predecessor in respect of the first amalgamation or first business reorganisation under the specified sub-sections.
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