Amendment of section 72AA
Section 15 of the Finance Act, 2025 deals with amendment of section 72AA. Amendment of section 72AA. 15. In section 72AA of the Income-tax Act, with effect from the 1st April, 2026,— (i) | the following proviso shall be inserted, namely:— "Provided that where any scheme of such amalgamation is brought into force on or after the 1st April, 2025, any loss forming part of th The Act was enacted on 16 Aug 2025.
Amendment of section 72AA.
15. In section 72AA of the Income-tax Act, with effect from the 1st April, 2026,—
(i) the following proviso shall be inserted, namely:— "Provided that where any scheme of such amalgamation is brought into force on or after the 1st April, 2025, any loss forming part of the accumulated loss of the predecessor entity, being—
(a) the banking company or companies; or (b) the amalgamating corresponding new bank or banks; or (c) the amalgamating Government company or companies,
as the case may be, which is deemed to be the loss of the successor entity, being—
(i) the banking institution or company; or (ii) the amalgamated corresponding new bank or banks; or (iii) the amalgamated Government company or companies, Section 15, The Finance Act, 2025 (Act 7 of 2025).
as the case may be, shall be carried forward in the hands of the successor entity for not more than eight assessment years immediately succeeding the assessment year for which such loss was first computed for original predecessor entity."; (ii) in the Explanation, after clause (vii), the following clause shall be inserted, namely:— '(viii) "original predecessor entity" means predecessor entity in respect of the first amalgamation.'.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 15
What does Section 15 of the Finance Act deal with?
Section 15 of the Finance Act is headed "Amendment of section 72AA". Amendment of section 72AA. 15. In section 72AA of the Income-tax Act, with effect from the 1st April, 2026,— (i) | the following proviso shall be inserted, namely:— "Provided that where any scheme of such amalgamation is brought into force on or after the 1st April, 2025, any loss forming part of th
How do I find court cases under Section 15 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2025 15, section 15 Finance Act 2025, section 15 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 15 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 72AA (Carry forward and set off of accumulated loss and unabsorbed depreciation allowance in scheme of amalgamation in certain cases), so none of them can safely be read on its own.
When was Section 15 of the Finance Act enacted?
Section 15 of the Finance Act, cited as Finance Act 2025 15, was enacted on 16 Aug 2025 as Act 7 of 2025. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule10059 words
- 2. Income-tax8952 words
- Third Schedule. Third Schedule8533 words
- 146. Amendment of Act 28 of 2016957 words
- 50. Amendment of section 158BB868 words
- 6. Amendment of section 10825 words
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