Exceptions to the rule that losses can be carried forward for eight assessment years

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....ontinued and there is income chargeable under section 41(1)/ 41(3)/ 41(4) in respect of such discontinued business, then business loss of the previous year in which business was discontinued can be SET OFF against such incomes. * Where business is discontinued in circumstances given in section 33B, and is re-established within the period given in section 33B, then the losses of such business inc....