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of <h1>Tax Authorities Gain New Power to Notify Taxpayers About Computed Losses Under Innovative Clause 291 Mechanism</h1> A legal analysis of Clause 291 in the Income Tax Bill, 2025 reveals a statutory mechanism for Assessing Officers to notify taxpayers about computed losses eligible for carry forward and set-off. The provision mandates written notification of loss amounts under specific sections, ensuring procedural clarity and administrative transparency. The clause maintains core principles from Section 157 of the 1961 Act while introducing potential refinements in loss categorization and reporting requirements.
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