https://www.taxtmi.com/acts?id=10840 Unabsorbed current losses of an unincorporated body for the financial year ending on a participant's retirement or death are reduced in proportion to that participant's share; the reduced amount is treated as the unabsorbed preceding year loss (from ordinary or special sources) for the immediately following financial year, with those references construed accordingly and the provision prevailing over inconsistent Code provisions. en-us Thu, 20 Aug 2009 12:22:15 +0530 Thu, 20 Aug 2009 12:22:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10840 Unabsorbed current losses of an unincorporated body for the financial year ending on a participant's retirement or death are reduced in proportion to that participant's share; the reduced amount is treated as the unabsorbed preceding year loss (from ordinary or special sources) for the immediately following financial year, with those references construed accordingly and the provision prevailing over inconsistent Code provisions. Act-Rules Bills Thu, 20 Aug 2009 12:22:15 +0530 https://www.taxtmi.com/acts?id=10840