https://www.taxtmi.com/highlights?id=68124 Assessment after re-organization of Business - amalgamation or demerger or merger - To remove the difficulty of filling of return by successor it has been proposed to substitute sec 170A, to provide that notwithstanding anything contained in section 139, in a case of business re-organization, where prior to the date of order of the tribunal or the High Court or Adjudicating Authority as defined in clause (1) of section 5 of the Insolvency and Bankruptcy Code, 2016, Successor shall furnish modified return within 6 months & AO will in case of assessment or reassessment consider the modified return as valid return for that purpose. en-us Mon, 06 Feb 2023 11:34:02 +0530 Mon, 06 Feb 2023 17:15:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68124 Assessment after re-organization of Business - amalgamation or demerger or merger - To remove the difficulty of filling of return by successor it has been proposed to substitute sec 170A, to provide that notwithstanding anything contained in section 139, in a case of business re-organization, where prior to the date of order of the tribunal or the High Court or Adjudicating Authority as defined in clause (1) of section 5 of the Insolvency and Bankruptcy Code, 2016, Successor shall furnish modified return within 6 months & AO will in case of assessment or reassessment consider the modified return as valid return for that purpose. Highlights Income Tax Mon, 06 Feb 2023 11:34:02 +0530 https://www.taxtmi.com/highlights?id=68124