https://www.taxtmi.com/acts?id=4278 Change in shareholding in closely held companies bars carry forward and set off of prior losses unless the same persons beneficially hold a majority of voting power at the relevant dates; an eligible start up may carry forward losses if all prior shareholders continue to hold voting power shares and the loss arose within the prescribed post incorporation period. Enumerated exceptions include death or gift to relatives, specified amalgamation/demerger of foreign parents, insolvency resolution plans approved after hearing the tax authority, Tribunal approved board replacements with ensuing resolution plans, prescribed relocations, and strategic disinvestment subject to retention of majority voting power. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 12:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=4278 Change in shareholding in closely held companies bars carry forward and set off of prior losses unless the same persons beneficially hold a majority of voting power at the relevant dates; an eligible start up may carry forward losses if all prior shareholders continue to hold voting power shares and the loss arose within the prescribed post incorporation period. Enumerated exceptions include death or gift to relatives, specified amalgamation/demerger of foreign parents, insolvency resolution plans approved after hearing the tax authority, Tribunal approved board replacements with ensuing resolution plans, prescribed relocations, and strategic disinvestment subject to retention of majority voting power. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=4278