https://www.taxtmi.com/acts?id=41212 The amendment permits carry forward and set off of accumulated losses and unabsorbed depreciation where a banking company is amalgamated with another banking institution or a company following a strategic disinvestment, provided the amalgamation occurs within five years of the strategic disinvestment; it also inserts an Explanation clause adopting the defined meaning of "strategic disinvestment" by reference. The amendment takes effect from 1 April 2023 and applies to assessment year 2023-2024 onwards. en-us Wed, 01 Feb 2023 15:51:42 +0530 Sat, 04 Feb 2023 11:27:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41212 The amendment permits carry forward and set off of accumulated losses and unabsorbed depreciation where a banking company is amalgamated with another banking institution or a company following a strategic disinvestment, provided the amalgamation occurs within five years of the strategic disinvestment; it also inserts an Explanation clause adopting the defined meaning of "strategic disinvestment" by reference. The amendment takes effect from 1 April 2023 and applies to assessment year 2023-2024 onwards. Act-Rules Bill Wed, 01 Feb 2023 15:51:42 +0530 https://www.taxtmi.com/acts?id=41212