Income-tax Act, 1961
Section - 72A - Provisions relating to carry forward and set off of accumuÂlated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc
Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.72A. (1) Where there has been an amalgamation of-
| (a) | - | a company owning an industrial undertaking or a ship or a hotel with another company; or |
| (b) | - | a banking company referred to in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949) with a specified bank; or |
| (c) | - | one or more public sector company or companies with one or more public sector company or companies; or |
| (d) | - | an erstwhile public sector company with one or more company or companies, if the share purchase agreement entered into under strategic disinvestment restricted immediate amalgamation of the said public sector company and the amalgamation is carried out within five years from the end of the previous .... To read the full section download the app from Google Play store
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