https://www.taxtmi.com/manuals?id=5247 A successor co-operative bank may carry forward and set off a predecessor bank's accumulated losses and unabsorbed depreciation following amalgamation, subject to statutory conditions. In a demerger, directly attributable amounts transfer to the resulting bank, while non-attributable amounts are apportioned by book value of assets. Eligibility depends on prescribed business continuity, fixed-asset retention, and genuineness conditions. Non-compliance makes previously set-off amounts taxable in the year of breach. Pre- and post-reorganisation periods are treated as separate tax years for loss set-off and depreciation. en-us Thu, 19 Sep 2024 17:53:00 +0530 Thu, 16 Jul 2026 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5247 A successor co-operative bank may carry forward and set off a predecessor bank's accumulated losses and unabsorbed depreciation following amalgamation, subject to statutory conditions. In a demerger, directly attributable amounts transfer to the resulting bank, while non-attributable amounts are apportioned by book value of assets. Eligibility depends on prescribed business continuity, fixed-asset retention, and genuineness conditions. Non-compliance makes previously set-off amounts taxable in the year of breach. Pre- and post-reorganisation periods are treated as separate tax years for loss set-off and depreciation. Manuals Income Tax Thu, 19 Sep 2024 17:53:00 +0530 https://www.taxtmi.com/manuals?id=5247