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CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment

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Central Board of Direct Taxes (CBDT) has issued the clarification regarding carry forward of losses in case of changes in shareholding due to strategic disinvestment. It has been clarified that Section 79 of the Income tax act 1961 shall not apply in a case involving change in shareholding due to such strategic disinvestment.

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