TMI BlogAmendment of section 115JB.X X X X Extracts X X X X X X X X Extracts X X X X ..... (iih) the aggregate amount of unabsorbed depreciation and loss brought forward in case of a- (A) company, and its subsidiary and the subsidiary of such subsidiary, where, the Tribunal, on an application moved by the Central Government under section 241 of the Companies Act, 2013(18 of 2013.) has suspended the Board of Directors of such company and has appointed new di ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r company, if such other company holds more than half in the nominal value of equity share capital of the company; (iv) loss shall not include depreciation; or . - Clause 34 of the Bill seeks to amend section 115JB of the Income-tax Act relating to special provision for payment of tax by certain companies. The said section provides for levy of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... depreciation) brought forward shall also be allowed to be reduced from the book profit in case of a company, and its subsidiary and the subsidiary of such subsidiary, where, the National Company Law Tribunal, on an application moved by the Central Government under section 241 of the Companies Act, 2013 has suspended the Board of Directors of such company and has appointed new directors who are no ..... X X X X Extracts X X X X X X X X Extracts X X X X
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