Additional requirements for business reorganization regarding the set-off and carry forward of losses and depreciation allowances [ Section 72A(6) & (6A) ]

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..... ) ] Reorganisation of business by a firm or proprietor is succeeded by a Company , Whereby, a firm is succeeded by a company fulfilling the conditions laid down in clause ( xiii ) of section 47 or a proprietary concern is succeeded by a company fulfilling the conditions laid down in clause ( xiv ) of section 47 , then , notwithstanding anything contained in any other provision of this Act , the ac .....

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..... he company chargeable to tax in the year in which such conditions are not complied with. [ First proviso of Section 74A(6) ] Reorganisation of business by a firm or proprietor is succeeded by a Company , whereby a private company or unlisted public company is succeeded by a limited liability partnership fulfilling the conditions laid down in the proviso to clause (xiiib) of section 47 , then, notw .....

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