https://www.taxtmi.com/acts?id=38264 The substituted section 72AA deems the accumulated loss and unabsorbed depreciation of specified amalgamating banking or insurance entities to be the loss or allowance of the amalgamated entity for the previous year in which the amalgamation scheme takes effect, and provides that other Income-tax Act rules on set-off and carry forward apply accordingly; an Explanation defines the key terms used. en-us Sat, 01 Feb 2020 16:36:10 +0530 Sat, 01 Feb 2020 16:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38264 The substituted section 72AA deems the accumulated loss and unabsorbed depreciation of specified amalgamating banking or insurance entities to be the loss or allowance of the amalgamated entity for the previous year in which the amalgamation scheme takes effect, and provides that other Income-tax Act rules on set-off and carry forward apply accordingly; an Explanation defines the key terms used. Act-Rules Bill Sat, 01 Feb 2020 16:36:10 +0530 https://www.taxtmi.com/acts?id=38264