Aggregation of losses in case of change in constitution of unincorporated body

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tion 58, for the financial year ending on the date of the retirement, or death, of a participant, shall be reduced by the amount in proportion of the share of the retired, or deceased, participant. (2) The amount so reduced under sub-section (1) shall be the 'unabsorbed preceeding year loss from ordinary sources', for the financial year beginning on the date immediately following the date of re....