Carry forward and set off of losses not permissible in certain cases.

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....t off so much of the loss proportionate to the share of retired or deceased partner as reduced by his share of profit, if any, from the firm for that tax year. (2) If any person carrying on any business or profession has been succeeded in such capacity by another person, otherwise than by inheritance, nothing in this Chapter shall entitle any person other than the person incurring the loss to h....

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.... satisfied in case of a company, being an eligible start-up referred to in section 140,- (i) all shareholders of the company holding shares carrying voting power, as on the last day of tax year in which loss was incurred, continue to hold those shares as on the last day of the tax year in which such change in shareholding takes place; and (ii) such loss was incurred during the fi....

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....kruptcy Code, 2016 (31 of 2016) and a reasonable opportunity of being heard was afforded to the jurisdictional Principal Commissioner or Commissioner; or (d) to a company, its subsidiary and subsidiary of such subsidiary, if-- (i) the Board of Directors of such company were suspended by the Tribunal on an application moved by the Central Government under section 241 of the Compan....

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....c disinvestment, continues to hold, directly or through its subsidiary or subsidiaries, at least 51% of the voting power of such company in aggregate. (5) Irrespective of anything contained in sub-section (4), if the conditions specified in sub-section 4(f) is not complied with in any tax year after the completion of strategic disinvestment, the provisions of sub-section (3) shall apply for suc....