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    <title>Losses of unregistered firms assessed as registered firms (Omitted)</title>
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    <description>Losses of unregistered firms assessed under the statutory assessment clause are to be dealt with as if the firm were registered, meaning their assessment year losses are subject to the same set off and carry forward rules applicable to registered firms.</description>
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      <description>Losses of unregistered firms assessed under the statutory assessment clause are to be dealt with as if the firm were registered, meaning their assessment year losses are subject to the same set off and carry forward rules applicable to registered firms.</description>
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