https://www.taxtmi.com/acts?id=38676 Where amalgamation occurs under specified Central Government sanctioned banking, corresponding new bank, or government insurance schemes, the accumulated loss and unabsorbed depreciation of the amalgamating entities are deemed to be the loss or allowance for depreciation of the successor for the previous year in which the scheme is brought into force; those deemed amounts are subject to the Act's ordinary provisions on carry forward and set off. The section defines "accumulated loss" and "unabsorbed depreciation" and cross refers to statutory definitions for banking company, banking institution, corresponding new bank, general insurance business and Government company. en-us Sat, 28 Mar 2020 10:19:33 +0530 Sat, 28 Mar 2020 10:19:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38676 Where amalgamation occurs under specified Central Government sanctioned banking, corresponding new bank, or government insurance schemes, the accumulated loss and unabsorbed depreciation of the amalgamating entities are deemed to be the loss or allowance for depreciation of the successor for the previous year in which the scheme is brought into force; those deemed amounts are subject to the Act's ordinary provisions on carry forward and set off. The section defines "accumulated loss" and "unabsorbed depreciation" and cross refers to statutory definitions for banking company, banking institution, corresponding new bank, general insurance business and Government company. Act-Rules F. Acts / Amendment Acts Sat, 28 Mar 2020 10:19:33 +0530 https://www.taxtmi.com/acts?id=38676