https://www.taxtmi.com/news?id=24447 Accumulated loss and unabsorbed depreciation of a public sector company that ceases to be a PSU due to strategic disinvestment shall be deemed to be the loss or allowance of the amalgamated company for the year of amalgamation, and the shareholder continuity restriction will not apply to an erstwhile public sector company, permitting carryforward and set off of losses up to and including the year of strategic disinvestment, until the post disinvestment ultimate holding company ceases to hold a controlling voting power. en-us Sat, 11 Sep 2021 09:06:22 +0530 Sat, 11 Sep 2021 09:06:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=24447 Accumulated loss and unabsorbed depreciation of a public sector company that ceases to be a PSU due to strategic disinvestment shall be deemed to be the loss or allowance of the amalgamated company for the year of amalgamation, and the shareholder continuity restriction will not apply to an erstwhile public sector company, permitting carryforward and set off of losses up to and including the year of strategic disinvestment, until the post disinvestment ultimate holding company ceases to hold a controlling voting power. News - Sat, 11 Sep 2021 09:06:22 +0530 https://www.taxtmi.com/news?id=24447