Case law - loss set off

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..... Dear Sir, my qurrey is on Section 79 of the Income Tax Act, 1961 . A Pvt. Ltd. company having three share holders say X holding 500 shares, Y holding 1000 Shares and Z holding 1500 shares on the .....

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..... last day of previous year on which loss was incurred. In the year of set off the same X, Y and Z held the shares but now x holds 5000 shares (increase by issue of addittioal 4500 shares)the othe holdi .....

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..... ng the same nos. Now the Question is whether loss is permitted to be set off. Plz site some case law if possioble. Regds - Reply By Surender Gupta - The Reply = As per the provisions of section 79 .....

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..... , you are qualifying the conditions and accordingly entitled to carry forward the loss. - Case law - loss set off - Query Started By: - Sarwan Agarwal Dated:- 13-11-2008 Income Tax - Got 1 Reply - .....

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..... Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa .....

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..... x .....

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