Amendment of section 43

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..... d word "(xiii), (xiiib) and (xiv)" shall be substituted; (b) in clause (6), after Explanation 2B, the following Explanation shall be inserted, namely:— "Explanation 2C.—Where in any previous year, any block of assets is transferred by a private company or unlisted public company to a limited liability partnership and the conditions specified in the proviso to clause (xiiib) of section 47 are sat .....

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..... proposes to make a reference of clause (xiiib) of section 47 in sub-clause (iii) of clause (b) of the said Explanation, to provide that in case of succession of a private company or unlisted public company by a limited liability partnership, the actual cost of capital assets on which deduction has been allowed under section 35AD to the predecessor company shall be taken as 'nil' in case o .....

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