India's Central Board of Direct Taxes issued a release on 10 September 2021 providing clarification on the carry forward of losses in case of change in shareholding due to strategic disinvestment.
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CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment
Finance Act, 2021 has amended section 72A of the Income-tax Act, 1961 (the Act) to inter alia provide that in case of an amalgamation of a public sector company (PSU) …