Section 80A - deduction under chater VIA - If in any case the gross total income is a loss therefore no deduction can be allowed as the provisions of section 80A(2)

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....1961 The Board have been informed that in one case a deduction under Chapter VIA of the Income-tax Act, 1961 was allowed although the assessment resulted in a loss thereby enhancing the loss to be carried forward to the subsequent year. Revenue Audit objected to this action and the objection has been accepted by the Board. 2. Reference is invited to section 80A(2) which provides that the agg....