https://www.taxtmi.com/acts?id=3523 Losses or profits that would have been carried forward under Chapter VI of the Income tax Act, 1961, where assets, rights and liabilities of a body corporate are transferred to other bodies corporate continuing the same business, shall be apportioned among the transferee bodies corporate under Central Government rules, and each transferee shall deal with its allotted share as if it had itself sustained that loss for purposes of Chapter VI. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 05 Mar 2025 10:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3523 Losses or profits that would have been carried forward under Chapter VI of the Income tax Act, 1961, where assets, rights and liabilities of a body corporate are transferred to other bodies corporate continuing the same business, shall be apportioned among the transferee bodies corporate under Central Government rules, and each transferee shall deal with its allotted share as if it had itself sustained that loss for purposes of Chapter VI. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3523