If the income of the year in which loss is incurred falls short, and taxpayer is unable to adjust entire loss, then can the taxpayer carry forward the unadjusted loss for adjustment in next year?

Carry forward of losses: unabsorbed losses may be carried to subsequent years for adjustment under income-tax carry forward rules.

When taxable income of the year of loss is insufficient after intra-head and inter-head set-offs, the unadjusted loss may be carried forward to subsequent assessment years for adjustment under the specific carry-forward provisions of the Income-tax law applicable to different heads of income.