Change in Shareholding Denies Loss Set-Off, But Section 2(18)(b)(B)(c) Allows Claim Despite Section 79 Restrictions.

Change in Shareholding Denies Loss Set-Off, But Section 2(18)(b)(B)(c) Allows Claim Despite Section 79 Restrictions. https://www.taxtmi.com/highlights?id=4912 Brought forward business loss - benefit denied applying provisions of S79 - change in shareholding - facts of the case are covered by provisions of Sec. 2(18)(b)(B)(c) and therefore the claim of set off of brought forward losses are not hit by provisions of Sec. 79 - AT en-us Wed, 22 Aug 2012 13:21:30 +0530 Wed, 22 Aug 2012 13:21:30 +0530 TaxTMI RSS Generator Change in Shareholding Denies Loss Set-Off, But Section 2(18)(b)(B)(c) Allows Claim Despite Section 79 Restrictions. https://www.taxtmi.com/highlights?id=4912 Brought forward business loss - benefit denied applying provisions of S79 - change in shareholding - facts of the case are covered by provisions of Sec. 2(18)(b)(B)(c) and therefore the claim of set off of brought forward losses are not hit by provisions of Sec. 79 - AT Highlights Income Tax Wed, 22 Aug 2012 13:21:30 +0530 https://www.taxtmi.com/highlights?id=4912