Section 116 — Treatment of accumulated losses and unabsorbed depreciation in amalgamation or demerger, etc.: its source in the Income-tax Act, 1961

Section 116 (Treatment of accumulated losses and unabsorbed depreciation in amalgamation or demerger, etc.) of the Income-tax Act, 2025 corresponds to Section 72A (Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in amalgamation or demerger, etc.) of the Income-tax Act, 1961 as per the official CBDT correspondence.

Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.