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[Cites 0, Cited by 0] [Section 72AB] [Entire Act]

Union of India - Subsection

Section 72AB(5) in The Income Tax Act, 1961

(5)The period commencing from the beginning of the previous year and ending on the date immediately preceding the date of business reorganisation, and the period commencing from the date of such business reorganisation and ending with the previous year shall be deemed to be two different previous years for the purpose of set off and carry forward of loss and allowance for depreciation.