Amendment of section 43

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..... nd 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 sati .....

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..... ses 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 of the .....

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