Section 44DB - Special provision for computing deductions in the case of business reorganisation of Co-operative banks

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....er section 32 (Depreciation), 35D (Amortisation of certain preliminary expenses), 35DD (Amortisation of expenses in case of amalgamation or demerger) and 35DDA (Amortisation of expenditure incurred under voluntary retirement scheme) in the hands of amalgamating/ demerged co-operative bank and amalgamated/ resulted co-operative bank. In the year in which Amalgamation or Demerger takes place In t....

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....o-operative bank (or to the converted banking company) under section 32, section 35D, section 35DD or section 35DDA shall be determined in accordance with the formula where A = the amount of deduction allowable to the predecessor co-operative bank if the business reorganisation had not taken place; B = the number of days comprised in the period beginning with the date of business reorganisatio....