Demerger transfer: deduction disallowed for demerged company while statutory treatment transfers to the resulting company. Where an undertaking entitled to deduction under sub section (1) is transferred in a scheme of demerger before the expiry of the specified period, no deduction shall be admissible to the demerged company for the previous year in which the demerger takes place, and the provisions of the section shall, as far as may be, apply to the resulting company as they would have applied to the demerged company had the demerger not occurred.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Demerger transfer: deduction disallowed for demerged company while statutory treatment transfers to the resulting company.
Where an undertaking entitled to deduction under sub section (1) is transferred in a scheme of demerger before the expiry of the specified period, no deduction shall be admissible to the demerged company for the previous year in which the demerger takes place, and the provisions of the section shall, as far as may be, apply to the resulting company as they would have applied to the demerged company had the demerger not occurred.
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