https://www.taxtmi.com/forum/issue?id=109160 Change of ownership after acquisition of majority shares raises whether loss carry forwards and unabsorbed depreciation from the previous management remain available; a demolition loss recognised in profit and loss was disallowed by the tax officer while business losses from prior management were denied under the change of ownership restriction, producing contested assessments, MAT adjustments, and multiple procedural notices against the company. en-us Sat, 12 Sep 2015 20:48:58 +0530 Thu, 23 Jan 2025 15:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109160 Change of ownership after acquisition of majority shares raises whether loss carry forwards and unabsorbed depreciation from the previous management remain available; a demolition loss recognised in profit and loss was disallowed by the tax officer while business losses from prior management were denied under the change of ownership restriction, producing contested assessments, MAT adjustments, and multiple procedural notices against the company. Discussion-Forum Income Tax Sat, 12 Sep 2015 20:48:58 +0530 https://www.taxtmi.com/forum/issue?id=109160