https://www.taxtmi.com/acts?id=41196 The amendment to section 44BBB provides that where an assessee declares profits and gains in accordance with the deeming provision for foreign companies engaged in civil construction or erection in turnkey power projects, no set off of unabsorbed depreciation and brought forward loss shall be allowed for that previous year despite provisions governing depreciation and carry-forward losses. en-us Wed, 01 Feb 2023 15:34:45 +0530 Wed, 01 Feb 2023 15:34:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41196 The amendment to section 44BBB provides that where an assessee declares profits and gains in accordance with the deeming provision for foreign companies engaged in civil construction or erection in turnkey power projects, no set off of unabsorbed depreciation and brought forward loss shall be allowed for that previous year despite provisions governing depreciation and carry-forward losses. Act-Rules Bill Wed, 01 Feb 2023 15:34:45 +0530 https://www.taxtmi.com/acts?id=41196