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Set off and carry forward of losses from specified business.
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....d of losses from specified business. 114. (1) Any loss computed from a specified business carried on by the assessee, during any tax year, shall be set off only against profits and gains, if any, of ....
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....red to in section 46; (b) "unabsorbed loss from the specified business" means, any loss computed in respect of a specified business carried on by the assessee during the tax year, which has not been....