https://www.taxtmi.com/acts?id=51647 Accumulated loss and unabsorbed depreciation of a predecessor are deemed the loss or allowance of the successor on amalgamation, demerger or specified business reorganisation and other set off and carry forward rules apply; strategic disinvestment amalgamations are capped at losses existing when public sector status ceased. Succession is conditional on pre and post transfer continuity of business and retention of substantial book value of fixed assets, failure of which causes previously allowed set offs or depreciation to be treated as the successor's income. Carryforward of deemed predecessor losses is subject to a statutory time limit. en-us Thu, 14 Aug 2025 10:49:07 +0530 Fri, 05 Sep 2025 12:49:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51647 Accumulated loss and unabsorbed depreciation of a predecessor are deemed the loss or allowance of the successor on amalgamation, demerger or specified business reorganisation and other set off and carry forward rules apply; strategic disinvestment amalgamations are capped at losses existing when public sector status ceased. Succession is conditional on pre and post transfer continuity of business and retention of substantial book value of fixed assets, failure of which causes previously allowed set offs or depreciation to be treated as the successor's income. Carryforward of deemed predecessor losses is subject to a statutory time limit. Act-Rules Income Tax Thu, 14 Aug 2025 10:49:07 +0530 https://www.taxtmi.com/acts?id=51647