Carry forward and set off of losses in case of change in constitution of firm or on succession

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..... ward and set off of losses in case of change in constitution of firm or on succession. 78. 1[(1) Where a change has occurred in the constitution of a firm, nothing in this Chapter shall entitle the f .....

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..... n other than the person incurring the loss to have it carried forward and set off against his income. ----------------------------------- Notes :- 1. Substituted by the Finance Act, 1992, w.e.f. 1- .....

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