https://www.taxtmi.com/acts?id=46992 The amendment omits sub-sections (1) and (2) and rewords sub-section (3) so that the amount of loss incurred by the assessee in the activity of owning and maintaining race horses in any assessment year shall not be set off against income from any source other than that activity in that year, and replaces a prior cross-reference with an explicit reference to the activity of owning and maintaining race horses. en-us Fri, 03 Jan 2025 15:00:45 +0530 Fri, 03 Jan 2025 15:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46992 The amendment omits sub-sections (1) and (2) and rewords sub-section (3) so that the amount of loss incurred by the assessee in the activity of owning and maintaining race horses in any assessment year shall not be set off against income from any source other than that activity in that year, and replaces a prior cross-reference with an explicit reference to the activity of owning and maintaining race horses. Act-Rules F. Acts / Amendment Acts Fri, 03 Jan 2025 15:00:45 +0530 https://www.taxtmi.com/acts?id=46992