Carry forward & set off of losses.

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.... 1985 Attention is invited to Board's Instruction No.1528 (F.No.225/240/78-ITA.II) dated 20th September 1983 wherein it was clarified that in case a loss return is not filed within the time prescri....

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.... Taxation Laws (Amendment) Act, 1984 with effect from 9th April, 1985. Under the amended provisions carry forward and set off loss will not be allowed unless it has been determined in pursuance of a r....