https://www.taxtmi.com/article/detailed?id=72 De listing that converts a company into a closely held company can trigger taxable treatment of loans or advances as deemed dividend and may bar carry forward of earlier losses unless, on the last day of the previous year, shares carrying a majority of voting power remain beneficially held by the same class of persons who held that majority when the losses were incurred. en-us Thu, 13 Sep 2007 00:00:00 +0530 Thu, 05 Mar 2009 16:00:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=72 De listing that converts a company into a closely held company can trigger taxable treatment of loans or advances as deemed dividend and may bar carry forward of earlier losses unless, on the last day of the previous year, shares carrying a majority of voting power remain beneficially held by the same class of persons who held that majority when the losses were incurred. Articles Income Tax Thu, 13 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=72