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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Entitlement to carry forward and set-off of business loss - the ...


Business Loss Carry Forward Unaffected as ABL Retains 51% Control, Section 79 Not Applicable.

November 1, 2015

Case Laws     Income Tax     HC

Entitlement to carry forward and set-off of business loss - the control over the Company, with 51% voting power, remained with ABL and, as such the provisions of Section 79 would not be attracted - HC

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