Marked to market loss deduction allowed when computed under income computation standards, with retrospective effect to assessment years. A new deduction is inserted for marked to market loss or other expected loss, allowable only if computed in accordance with the income computation and disclosure standards notified under the statute governing such standards; the amendment is given retrospective effect to apply to the relevant assessment year and subsequent years.
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Marked to market loss deduction allowed when computed under income computation standards, with retrospective effect to assessment years.
A new deduction is inserted for marked to market loss or other expected loss, allowable only if computed in accordance with the income computation and disclosure standards notified under the statute governing such standards; the amendment is given retrospective effect to apply to the relevant assessment year and subsequent years.
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