https://www.taxtmi.com/acts?id=40486 Amendment exempts an erstwhile public sector company from the change in shareholding bar on carry forward and set off of losses where, immediately after strategic disinvestment, the ultimate holding company continues to hold, directly or through subsidiaries, at least fifty one per cent of the voting power; failure to satisfy this condition in any post disinvestment previous year triggers application of the general prohibition for that and subsequent years. Definitions of "erstwhile public sector company" and "strategic disinvestment" are added. en-us Tue, 01 Feb 2022 14:53:44 +0530 Tue, 01 Feb 2022 14:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40486 Amendment exempts an erstwhile public sector company from the change in shareholding bar on carry forward and set off of losses where, immediately after strategic disinvestment, the ultimate holding company continues to hold, directly or through subsidiaries, at least fifty one per cent of the voting power; failure to satisfy this condition in any post disinvestment previous year triggers application of the general prohibition for that and subsequent years. Definitions of "erstwhile public sector company" and "strategic disinvestment" are added. Act-Rules Bills Tue, 01 Feb 2022 14:53:44 +0530 https://www.taxtmi.com/acts?id=40486