https://www.taxtmi.com/acts?id=36810 The amendment permits reduction of the aggregate amount of unabsorbed depreciation and carried forward loss (excluding depreciation) from book profit for a company, its subsidiary and the subsidiary of such subsidiary where the Tribunal has suspended the board and appointed Central Government-nominated directors; it also defines subsidiary as holding more than half the nominal equity share capital and excludes depreciation from the definition of loss. en-us Fri, 05 Jul 2019 17:53:31 +0530 Fri, 05 Jul 2019 17:53:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36810 The amendment permits reduction of the aggregate amount of unabsorbed depreciation and carried forward loss (excluding depreciation) from book profit for a company, its subsidiary and the subsidiary of such subsidiary where the Tribunal has suspended the board and appointed Central Government-nominated directors; it also defines subsidiary as holding more than half the nominal equity share capital and excludes depreciation from the definition of loss. Act-Rules Bill Fri, 05 Jul 2019 17:53:31 +0530 https://www.taxtmi.com/acts?id=36810