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of <h1>Section 35AB Amended: Tax Deductions for Amalgamated or Resulting Companies Post-Amalgamation or Demerger</h1> Section 35AB of the Income-tax Act is amended to include a provision effective from April 1, 2000. This provision states that if an undertaking is transferred under a scheme of amalgamation or demerger, the company receiving the undertaking (amalgamated or resulting company) can claim a tax deduction. This deduction is to the same extent and for the remaining period as would have been allowed to the original company (amalgamating or demerged company) if the amalgamation or demerger had not occurred.
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