Amendment of section 44BB.

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Full Text of the Document

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....nd sub-section (1) of section 72, where an assessee declares profits and gains of business for any previous year in accordance with the provisions of subsection (1), no set off of unabsorbed depreciation and brought forward loss shall be allowed to the assessee for such previous year.". - Clause 18 of the Bill seeks to amend section 44BB of the Income-tax Act relating to special provision for c....