https://www.taxtmi.com/acts?id=50470 Amendment provides that losses of a predecessor entity, when deemed to be losses of the successor after an amalgamation or business reorganisation, shall be carried forward by the successor for not more than eight assessment years immediately succeeding the assessment year when such loss was first computed for the original predecessor entity; it also defines "original predecessor entity" as the predecessor in respect of the first amalgamation or first business reorganisation. en-us Tue, 01 Apr 2025 12:56:21 +0530 Tue, 01 Apr 2025 12:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50470 Amendment provides that losses of a predecessor entity, when deemed to be losses of the successor after an amalgamation or business reorganisation, shall be carried forward by the successor for not more than eight assessment years immediately succeeding the assessment year when such loss was first computed for the original predecessor entity; it also defines "original predecessor entity" as the predecessor in respect of the first amalgamation or first business reorganisation. Act-Rules F. Acts / Amendment Acts Tue, 01 Apr 2025 12:56:21 +0530 https://www.taxtmi.com/acts?id=50470