Amendment of section 206.

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.... (ii) in clause (i), for sub-clause (ii), the following sub-clause shall be substituted, namely:-- "(ii) the assessee has not utilised the credit of tax paid under section 115JAA of the Income-tax Act, 1961 (43 of 1961), in any subsequent tax year ending on or before the 31st March, 2026,"; (iii) in clause (l), in sub-clause (iii), the brackets, words, letters and figures "(Table....

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....was allowed to be carried forward to the assessee under the provisions of section 115JAA of the Income-tax Act, 1961 (43 of 1961), as on 31st March, 2026,- (i) such credit brought forward shall be allowed to be set off in any tax year to the extent of 25% of the tax payable on the total income computed as per the other provisions of this Act for that tax year; (ii) the remaining ....

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....to the successor limited liability partnership. (4) (a) The provisions of this sub-section shall be applicable only to an assessee, being a foreign company. (b) Where, any amount of credit in respect of tax paid was allowed to be carried forward to the assessee under the provisions of section 115JAA of the Income-tax Act, 1961 (43 of 1961), as on 31st March, 2026,- (i) s....