Provisions relating to carry forward & set off of accumulated losses in case of any Amalgamation or Business Reorganisation After 01.04.2025 - (New) Section 116(12) / (Old)Section 72A(6B)

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....Under Section 116(12) of the Income Tax Act, 2025 [ From 01.04.2026 ] Time Limit for Carry Forward of Predecessor's Losses in Amalgamations or Business Reorganisation [ Section 116(12) ] Section 116(12) introduces a uniform limitation on the carry forward of business losses that are transferred to a successor entity pursuant to Amalgamations or Business Reorganisation effected ....

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.... which the loss was first computed in the hands of the predecessor entity. Under Section 72A(6B) of the Income Tax Act, 1961  [ Upto 31.03.2026 ]  Time Limit for Carry Forward of Predecessor's Losses in Amalgamations or Business Reorganisation [ W.e.f. 01.04.2026 Inserted vide Section 14 of the Finance Act, 2025 ] Where any a....