https://www.taxtmi.com/acts?id=49063 Special provision prescribes that deductions under specified sections, where a business reorganisation of a co operative bank occurs in a tax year, are apportioned between the predecessor and the successor or converted banking company on a time proportionate basis using a days in year formula, and that where an undertaking entitled to the deductions is transferred before the expiry of the deduction period the successor or converted banking company shall, in subsequent tax years, be treated as if the reorganisation had not occurred with respect to application of those provisions. en-us Fri, 14 Feb 2025 16:34:30 +0530 Fri, 14 Feb 2025 16:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49063 Special provision prescribes that deductions under specified sections, where a business reorganisation of a co operative bank occurs in a tax year, are apportioned between the predecessor and the successor or converted banking company on a time proportionate basis using a days in year formula, and that where an undertaking entitled to the deductions is transferred before the expiry of the deduction period the successor or converted banking company shall, in subsequent tax years, be treated as if the reorganisation had not occurred with respect to application of those provisions. Act-Rules Bills Fri, 14 Feb 2025 16:34:30 +0530 https://www.taxtmi.com/acts?id=49063