https://www.taxtmi.com/acts?id=11720 Where a participant in an unincorporated body retires or dies, the unabsorbed current loss from ordinary sources for the financial year ending on that date must be reduced proportionately to the departing participant's share and that reduced amount shall be the unabsorbed preceding year loss for the immediately following financial year; the same proportionate reduction and treatment apply to unabsorbed current loss from special sources. en-us Thu, 16 Sep 2010 18:55:15 +0530 Fri, 17 Sep 2010 13:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11720 Where a participant in an unincorporated body retires or dies, the unabsorbed current loss from ordinary sources for the financial year ending on that date must be reduced proportionately to the departing participant's share and that reduced amount shall be the unabsorbed preceding year loss for the immediately following financial year; the same proportionate reduction and treatment apply to unabsorbed current loss from special sources. Act-Rules Bills Thu, 16 Sep 2010 18:55:15 +0530 https://www.taxtmi.com/acts?id=11720