Commissioner of Income-tax under sub-section (1) of section 117 ; (19AA) "demerger", in relation to companies, means the transfer, pursuant to a scheme ... Companies Act, 1956 (1 of 1956), by a demerged company of its one or more undertakings to any resulting company in such a manner that
loss on distribution of non-cash assets to shareholders in a demerger in accordance with Appendix A of the Indian Accounting Standards 10; (d) decreased ... loss on distribution of non-cash assets to shareholders in a demerger in accordance with Appendix A of the Indian Accounting Standards 10: Provided that
this section, to another Indian company in a scheme of amalgamation or demerger- (a) no deduction shall be admissible under this section to the amalgamating ... demerged company for the previous year in which the amalgamation or the demerger takes place; and (b) the provisions of this section shall
amalgamated company in the case of amalgamation, or to the demerged company and the resulting company in the case of demerger, as the case ... prescribed rates as if the succession or the amalgamation or the demerger, as the case may be, had not taken place, and such deduction shall
Section 16 (w.e.f. 1.4.1967).] Explanation 7A. - [Where, in a demerger, any capital asset is transferred by the demerged company to the resulting company ... taken to be the same as it would have been if the demerged company had continued to hold the capital asset for the purpose
this section, to another Indian company in a scheme of amalgamation or demerger- (a) no deduction shall be admissible under this section to the amalgamating ... demerged company for the previous year in which the amalgamation or the demerger takes place; and (b) the provisions of this section shall
this section, to another Indian company in a scheme of amalgamation or demerger,- (a) no deduction shall be admissible under this section to the amalgamating ... demerged company for the previous year in which the amalgamation or the demerger takes place; and (b) the provisions of this section shall
this section, to another Indian company in a scheme of amalgamation or demerger- (a) no deduction shall be admissible under this section to the amalgamating ... demerged company for the previous year in which the amalgamation or the demerger takes place; and (b) the provisions of this section shall
this section, to another Indian company in a scheme of amalgamation or demerger- (a) no deduction shall be admissible under this section to the amalgamating ... demerged company for the previous year in which the amalgamation or the demerger takes place; and (b) the provisions of this section shall
another firm, the other firm;] (iv) [ where there has been a demerger, the resulting company.] [ Inserted by Act 27 of 1999 , Section