https://www.taxtmi.com/acts?id=51648 Section 117 deems the accumulated loss and unabsorbed depreciation of specified predecessor banking, corresponding new bank, or Government insurance companies to be the loss or allowance for depreciation of the successor entity on amalgamation; such deemed losses are carried forward by the successor subject to the Act's set off and carry forward rules and a statutory temporal limit measured from the year the loss was first computed for the original predecessor. en-us Thu, 14 Aug 2025 10:49:29 +0530 Tue, 26 Aug 2025 17:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51648 Section 117 deems the accumulated loss and unabsorbed depreciation of specified predecessor banking, corresponding new bank, or Government insurance companies to be the loss or allowance for depreciation of the successor entity on amalgamation; such deemed losses are carried forward by the successor subject to the Act's set off and carry forward rules and a statutory temporal limit measured from the year the loss was first computed for the original predecessor. Act-Rules Income Tax Thu, 14 Aug 2025 10:49:29 +0530 https://www.taxtmi.com/acts?id=51648