https://www.taxtmi.com/acts?id=7805 The amendment prescribes that where specified amalgamations occur-covering companies owning industrial undertakings, ships or hotels; certain banking companies with specified banks; and public sector companies operating aircraft-the accumulated loss and unabsorbed depreciation of the amalgamating company shall be deemed to be the loss and allowance for unabsorbed depreciation of the amalgamated company for the previous year in which the amalgamation was effected, and the provisions relating to set-off and carry forward of loss and allowance for depreciation shall apply accordingly. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7805 The amendment prescribes that where specified amalgamations occur-covering companies owning industrial undertakings, ships or hotels; certain banking companies with specified banks; and public sector companies operating aircraft-the accumulated loss and unabsorbed depreciation of the amalgamating company shall be deemed to be the loss and allowance for unabsorbed depreciation of the amalgamated company for the previous year in which the amalgamation was effected, and the provisions relating to set-off and carry forward of loss and allowance for depreciation shall apply accordingly. Act-Rules F. Acts / Amendment Acts Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7805