https://www.taxtmi.com/acts?id=4269 Section 72AA deems the accumulated business loss and unabsorbed depreciation of specified amalgamating banking or government insurance entities to be the loss or allowance for depreciation of the successor entity in the year the amalgamation scheme is brought into force, applying the Act's ordinary set off and carry forward rules; for schemes brought into force on or after 1 April, 2025, such deemed losses may be carried forward only for a limited number of assessment years measured from the year the loss was first computed for the original predecessor entity. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4269 Section 72AA deems the accumulated business loss and unabsorbed depreciation of specified amalgamating banking or government insurance entities to be the loss or allowance for depreciation of the successor entity in the year the amalgamation scheme is brought into force, applying the Act's ordinary set off and carry forward rules; for schemes brought into force on or after 1 April, 2025, such deemed losses may be carried forward only for a limited number of assessment years measured from the year the loss was first computed for the original predecessor entity. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4269