https://www.taxtmi.com/manuals?id=4171 Section 78 provides that when a partner retires or dies, the share of loss attributable to the outgoing partner cannot be carried forward by the firm, and this restriction applies only to losses; unabsorbed depreciation, unabsorbed capital expenditure on scientific research, and family planning expenditure are not affected and remain eligible for adjustment. en-us Mon, 25 Dec 2023 17:25:00 +0530 Thu, 11 Jan 2024 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4171 Section 78 provides that when a partner retires or dies, the share of loss attributable to the outgoing partner cannot be carried forward by the firm, and this restriction applies only to losses; unabsorbed depreciation, unabsorbed capital expenditure on scientific research, and family planning expenditure are not affected and remain eligible for adjustment. Manuals Income Tax Mon, 25 Dec 2023 17:25:00 +0530 https://www.taxtmi.com/manuals?id=4171