https://www.taxtmi.com/acts?id=9699 Amendment to section 72A deems the accumulated loss and unabsorbed depreciation of an amalgamating company to be the loss or depreciation allowance of the amalgamated company upon amalgamation of specified industrial undertakings or certain banking companies, subject to conditions: the transferor must have engaged in the relevant business for a minimum period and retained a substantial portion of fixed asset book value as compared to two years earlier; the transferee must retain transferred fixed assets and continue the business for a minimum period and satisfy other prescribed conditions; and a definition of "specified bank" is added. en-us Wed, 22 Oct 2008 08:58:50 +0530 Wed, 22 Oct 2008 08:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9699 Amendment to section 72A deems the accumulated loss and unabsorbed depreciation of an amalgamating company to be the loss or depreciation allowance of the amalgamated company upon amalgamation of specified industrial undertakings or certain banking companies, subject to conditions: the transferor must have engaged in the relevant business for a minimum period and retained a substantial portion of fixed asset book value as compared to two years earlier; the transferee must retain transferred fixed assets and continue the business for a minimum period and satisfy other prescribed conditions; and a definition of "specified bank" is added. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 08:58:50 +0530 https://www.taxtmi.com/acts?id=9699