Substitution of new section for section 79.

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....panies. "79. Notwithstanding anything contained in this Chapter, where a change in shareholding has taken place in a previous year,-               (a) in the case of a company not being a company in which the public are substantially interested and other than a company referred to in clause (b), no loss incurred in any yea....

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....ld shares carrying voting power on the last day of the year or years in which the loss was incurred,- (i) continue to hold those shares on the last day of such previous year; and (ii) such loss has been incurred during the period of seven years beginning from the year in which such company is incorporated: Provided that nothing contained in this section shall apply to a case w....