law: The Andhra Pradesh reorganization Act, 2014
  74.  Special provision as to income-tax.
  Where the assets, rights and liabilities of any body corporate
  
  carrying on business are, under the provisions of this Part, transferred to any
  
  other bodies corporate which after the transfer carry on the same business, the
  
  losses or profits or gains sustained by the body corporate first-mentioned
  
  which, but for such transfer, would have been allowed to be carried forward and
  
  set off in accordance with the provisions of Chapter VI of the Income-tax Act,
  
  1961, shall be apportioned amongst the transferee bodies corporate in
  
  accordance with the rules to be made by the Central Government in this behalf
  
  and, upon such apportionment, the share of loss allotted to each transferee
  
  body corporate shall be dealt with in accordance with the provisions of Chapter
  
  VI of the said Act, as if the transferee body corporate had itself sustained
  
  such loss in a business carried on by it in the years in which those losses
  
  were sustained.