https://www.taxtmi.com/acts?id=49385 Where business reorganisation results in a firm or proprietary concern being succeeded by a company meeting the succession conditions, the predecessor's accumulated loss and unabsorbed depreciation shall be deemed to be the loss or allowance for depreciation of the successor company for the previous year in which reorganisation is effected, with set off and carry forward provisions applying; non compliance with proviso conditions to succession clauses causes earlier set-offs to be treated as the company's income in the year of non compliance. en-us Thu, 20 Feb 2025 17:08:24 +0530 Fri, 21 Feb 2025 14:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49385 Where business reorganisation results in a firm or proprietary concern being succeeded by a company meeting the succession conditions, the predecessor's accumulated loss and unabsorbed depreciation shall be deemed to be the loss or allowance for depreciation of the successor company for the previous year in which reorganisation is effected, with set off and carry forward provisions applying; non compliance with proviso conditions to succession clauses causes earlier set-offs to be treated as the company's income in the year of non compliance. Act-Rules F. Acts / Amendment Acts Thu, 20 Feb 2025 17:08:24 +0530 https://www.taxtmi.com/acts?id=49385