https://www.taxtmi.com/caselaws?id=338248 The Appellate Tribunal partially allowed the Assessing Officer's appeal and remanded the case to the First Appellate Authority for a fresh adjudication regarding the allowance of carry-forward losses under section 79 of the Income-tax Act, 1961. The Tribunal emphasized the importance of a comprehensive assessment based on the provisions of section 79, highlighting the need for a detailed analysis of shareholding changes and compliance with statutory requirements to determine the eligibility of a company to carry forward losses in cases of shareholding alterations. en-us Wed, 25 Jan 2017 00:00:00 +0530 Mon, 30 Jan 2017 06:41:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338248 The Appellate Tribunal partially allowed the Assessing Officer's appeal and remanded the case to the First Appellate Authority for a fresh adjudication regarding the allowance of carry-forward losses under section 79 of the Income-tax Act, 1961. The Tribunal emphasized the importance of a comprehensive assessment based on the provisions of section 79, highlighting the need for a detailed analysis of shareholding changes and compliance with statutory requirements to determine the eligibility of a company to carry forward losses in cases of shareholding alterations. Case-Laws Income Tax Wed, 25 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338248