No Separate ITR Filing needed by Successor Companies for Business Reorganization ensued between between 2016 & 2022 : CBDT
The successor companies are no longer required to file a separate ITR Filing with the Board where the order for business reorganization by the competent authority was issued after June 1, 2016, but before April 1, 2022
By Navasree A.M - On March 15, 2024 12:49 pm - 2 mins read
CBDT issued an Order dated March 13, 2024, under section 119 of the Income-tax Act, 1961, providing relief to successor companies involved in business reorganisations sanctioned by competent authorities between June 1, 2016, and April 1, 2022. This relief is extended to entities seeking approval to furnish income tax returns following schemes of amalgamation/merger/demerger. It…
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