Share Transfer from Uncle to Nephew Not Covered by Section 79 Proviso; AO Denies Set-Off of Business Losses. https://www.taxtmi.com/highlights?id=3092 Business Income Set off against Brought forward loss - Change in shareholding pattern loss not allowed - Share transfer by uncle to nephew is not covered by proviso to Section 79, AO justified in not allowing the set of of less - AT en-us Mon, 05 Mar 2012 16:18:16 +0530 Mon, 05 Mar 2012 16:18:16 +0530 TaxTMI RSS Generator Share Transfer from Uncle to Nephew Not Covered by Section 79 Proviso; AO Denies Set-Off of Business Losses. https://www.taxtmi.com/highlights?id=3092 Business Income Set off against Brought forward loss - Change in shareholding pattern loss not allowed - Share transfer by uncle to nephew is not covered by proviso to Section 79, AO justified in not allowing the set of of less - AT Highlights Income Tax Mon, 05 Mar 2012 16:18:16 +0530 https://www.taxtmi.com/highlights?id=3092