Amendment of section 79.

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Full Text of the Document

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....taken place during the previous year on account of relocation referred to in the Explanation to clause (viiac) and (viiad) of section 47.". - Clause 23 of the Bill seeks to amend section 79 of the Income-tax Act relating to carry forward and set off of losses in case of certain companies. Sub-section (1) of the said section provides that where a change in shareholding has taken place durin....