https://www.taxtmi.com/acts?id=9978 Section 72AA provides that where a banking company is amalgamated into another banking institution under a Central Government sanctioned scheme under the Banking Regulation Act, the amalgamating company's accumulated loss and unabsorbed depreciation shall be deemed to be the loss and allowance for depreciation of the transferee banking institution for the previous year in which the scheme is brought into force, and the Act's provisions on set off and carry forward shall apply accordingly; explanations define accumulated loss, unabsorbed depreciation and adopt statutory meanings for banking company and banking institution. en-us Wed, 22 Oct 2008 12:40:31 +0530 Wed, 22 Oct 2008 12:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=9978 Section 72AA provides that where a banking company is amalgamated into another banking institution under a Central Government sanctioned scheme under the Banking Regulation Act, the amalgamating company's accumulated loss and unabsorbed depreciation shall be deemed to be the loss and allowance for depreciation of the transferee banking institution for the previous year in which the scheme is brought into force, and the Act's provisions on set off and carry forward shall apply accordingly; explanations define accumulated loss, unabsorbed depreciation and adopt statutory meanings for banking company and banking institution. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 12:40:31 +0530 https://www.taxtmi.com/acts?id=9978