Erstwhile Public Sector Company designation triggers tax treatment when government transfers control through strategic disinvestment.

An "Erstwhile Public Sector Company" under clause (d) of sub section (1) of section 72A is a company that was a public sector company in earlier previous years and ceases to be one by way of strategic disinvestment by the Government; the prior public sector status and government led strategic disinvestment are the operative criteria.

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