CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

Last updated: 30 September 2021

Finance Act, 2021 has amended section 72A of the Income-tax Act, 1961 (the Act) to inter alia provide that in case of an amalgamation of a public sector company (PSU) which ceases to be a PSU (erstwhile public sector company), as part of strategic disinvestment, with one or more company or companies

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