Karnataka HC dismisses Revenue appeal on set-off losses, no new legal questions

The Karnataka HC dismissed the Revenue's appeal as the issue of allowing set off losses against profit was already decided in a previous judgment, finding no substantial question of law to consider.

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The Karnataka High Court dismissed the appeal by the Revenue, as the issue of allowing set off losses against profit of a unit was already covered by a previous judgment. The appeal was dismissed as no substantial question of law arose for consideration.

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