Section 118 — Carry forward and set off of losses and unabsorbed depreciation in business reorganisation of co-operative banks: its source in the Income-tax Act, 1961

Section 118 (Carry forward and set off of losses and unabsorbed depreciation in business reorganisation of co-operative banks) of the Income-tax Act, 2025 corresponds to Section 72AB (Provisions relating to carry forward and set off of accumulated loss and unabsorbed depreciation allowance in business reorganisation of co-operative banks) 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.