https://www.taxtmi.com/news?id=19558 Relaxation is proposed to permit carry forward and set off of losses despite change in beneficial ownership where an insolvency resolution plan is approved under the Insolvency and Bankruptcy Code, 2016, subject to hearing the jurisdictional Principal Commissioner or Commissioner. It is also proposed that returns during the resolution process be verified by the insolvency professional appointed by the Adjudicating Authority. Both amendments are to take effect from 1 April 2018 and apply to assessments and returns from that date. en-us Mon, 05 Feb 2018 11:08:52 +0530 Mon, 05 Feb 2018 12:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19558 Relaxation is proposed to permit carry forward and set off of losses despite change in beneficial ownership where an insolvency resolution plan is approved under the Insolvency and Bankruptcy Code, 2016, subject to hearing the jurisdictional Principal Commissioner or Commissioner. It is also proposed that returns during the resolution process be verified by the insolvency professional appointed by the Adjudicating Authority. Both amendments are to take effect from 1 April 2018 and apply to assessments and returns from that date. News - Mon, 05 Feb 2018 11:08:52 +0530 https://www.taxtmi.com/news?id=19558