https://www.taxtmi.com/caselaws?id=216134 The Court allowed the appeal, directing the Assessing Officer to re-examine the matter with a focus on the arrangement between original shareholders and foreign investors, ensuring specific findings are returned within four months. The Court emphasized the need for detailed consideration of the original shareholding arrangement to determine the permissibility of carrying forward losses under Section 79 of the Income Tax Act. en-us Tue, 07 Aug 2012 00:00:00 +0530 Tue, 28 Aug 2012 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216134 The Court allowed the appeal, directing the Assessing Officer to re-examine the matter with a focus on the arrangement between original shareholders and foreign investors, ensuring specific findings are returned within four months. The Court emphasized the need for detailed consideration of the original shareholding arrangement to determine the permissibility of carrying forward losses under Section 79 of the Income Tax Act. Case-Laws Income Tax Tue, 07 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216134