https://www.taxtmi.com/forum/issue?id=1866 Carry forward and set-off of losses require continuity of shareholding in the loss-making company itself; a change in ownership of its holding company does not, by itself, restrict carry forward of losses where the subsidiary's shareholding pattern remains unchanged. The controlling inquiry is whether persons holding shares in the loss-bearing company have changed, not whether the holding company's shareholders have altered. en-us Sun, 11 Apr 2010 20:02:42 +0530 Thu, 23 Jan 2025 15:58:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1866 Carry forward and set-off of losses require continuity of shareholding in the loss-making company itself; a change in ownership of its holding company does not, by itself, restrict carry forward of losses where the subsidiary's shareholding pattern remains unchanged. The controlling inquiry is whether persons holding shares in the loss-bearing company have changed, not whether the holding company's shareholders have altered. Discussion-Forum Income Tax Sun, 11 Apr 2010 20:02:42 +0530 https://www.taxtmi.com/forum/issue?id=1866