https://www.taxtmi.com/highlights?id=68058 Facilitating certain strategic disinvestment - Definition of "strategic Investment" has been amended to include sale of sharholding by CG/SG/PSU in a Public company or a company which results in (i) reduction of its shareholding below fifty-one per cent, and (ii) transfer of control to the buyer. Further sec 72AA also amended to allow carry forward of accumulated losses and unabsorbed depreciation allowance in the case of amalgamation of one or more banking company with any other banking institution or a company subsequent to a strategic disinvestment, if such amalgamation takes place within 5 years of strategic disinvestment. en-us Fri, 03 Feb 2023 11:04:27 +0530 Fri, 03 Feb 2023 16:25:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68058 Facilitating certain strategic disinvestment - Definition of "strategic Investment" has been amended to include sale of sharholding by CG/SG/PSU in a Public company or a company which results in (i) reduction of its shareholding below fifty-one per cent, and (ii) transfer of control to the buyer. Further sec 72AA also amended to allow carry forward of accumulated losses and unabsorbed depreciation allowance in the case of amalgamation of one or more banking company with any other banking institution or a company subsequent to a strategic disinvestment, if such amalgamation takes place within 5 years of strategic disinvestment. Highlights Income Tax Fri, 03 Feb 2023 11:04:27 +0530 https://www.taxtmi.com/highlights?id=68058