set off of business loss

I have not come across such provisions.

In Income Tax Act Holding Company is an assessee different from its any kind of subsidiaries.  So losses can be claimed by the respective assessee only.

In its Balance Sheet , the holding company shows the Investment in shares in the Subsidiary Company only like we are showing investment in the shares of any company. 

Thanks a lot Sir.

Yes Carry forward Business Loss cannot be set off against any other income head except business Income and Speculation Income. so this is ?

SIr , 

Suppose i want to close all my subsidiaries companies & done all those activities from my Parent company from current year onwards ......and my Net worth goes less than its Losses  incurred.........so it would be preferable for us or not ? is it any benefit/ liability arise from it ?

Give me some suggestions Please

                                                 Losses 10-11       09-10          08-09

1. Holding Company              5.2L                         3.2L              2.6L

2. Subsidiary 1                        2.4L                         1.8L              4.7L

3. Subsidiary 2                         2.2L                        3.2L              6.5L

Net worth                                   6L                              5L                 10L