https://www.taxtmi.com/manuals?id=1163 Special provisions govern the computation and continuation of deductions where a co-operative bank undergoes business reorganisation by amalgamation, demerger, or conversion. Under the new section 64, deductions for depreciation, amortisation of preliminary expenses, amalgamation or demerger expenditure, and voluntary retirement payments are apportioned between the predecessor co-operative bank and the successor co-operative bank or converted banking company according to the period before and after reorganisation. Where the predecessor was entitled to the deduction, the successor continues the remaining benefit in later years as if the reorganisation had not occurred. en-us Tue, 15 Sep 2015 11:48:00 +0530 Wed, 27 May 2026 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1163 Special provisions govern the computation and continuation of deductions where a co-operative bank undergoes business reorganisation by amalgamation, demerger, or conversion. Under the new section 64, deductions for depreciation, amortisation of preliminary expenses, amalgamation or demerger expenditure, and voluntary retirement payments are apportioned between the predecessor co-operative bank and the successor co-operative bank or converted banking company according to the period before and after reorganisation. Where the predecessor was entitled to the deduction, the successor continues the remaining benefit in later years as if the reorganisation had not occurred. Manuals Income Tax Tue, 15 Sep 2015 11:48:00 +0530 https://www.taxtmi.com/manuals?id=1163