Amendment of section 72AA.

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...., 2025, any loss forming part of the accumulated loss of the predecessor entity, being-- (a) the banking company or companies; or (b) the amalgamating corresponding new bank or banks; or (c) the amalgamating Government company or companies, as the case may be, which is deemed to be the loss of the successor entity, being-- (i) the banking institution or....

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.... amalgamation in certain cases. Section 72AA of the Act states that accumulated loss and unabsorbed depreciation of the amalgamating company shall be deemed to be the loss and unabsorbed depreciation of the amalgamated companies, for the previous year in which the scheme of amalgamation was brought into force. It is proposed to insert a proviso to the said section to provide that where any s....