Carry forward and set off of losses - the status of the company was “closely held company”, i. e. , a...

Carry forward and set off of losses - the status of the company was “closely held company”, i. e. , a company in which public is not substantially interested, when the change in shareholding took place. - Since there is a change in shareholding exceeding 49%, the assessee company is not entitled to set off brought forward losses u/s 79. .....

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