https://www.taxtmi.com/acts?id=45689 The amendment inserts words to subject transfers "for any consideration not connected with any amalgamation or succession" to the rule in section 35(11)(i), and adds an Explanation deeming a successor under clause (vic) of section 10(2) to be the assessee for allowances by way of development rebate made to the predecessor, making the successor liable for any tax resulting from recomputation of the predecessor's total income. en-us Thu, 28 Nov 2024 16:04:50 +0530 Thu, 28 Nov 2024 16:04:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45689 The amendment inserts words to subject transfers "for any consideration not connected with any amalgamation or succession" to the rule in section 35(11)(i), and adds an Explanation deeming a successor under clause (vic) of section 10(2) to be the assessee for allowances by way of development rebate made to the predecessor, making the successor liable for any tax resulting from recomputation of the predecessor's total income. Act-Rules F. Acts / Amendment Acts Thu, 28 Nov 2024 16:04:50 +0530 https://www.taxtmi.com/acts?id=45689