Insertion of new section 73A

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..... erred to in section 35AD shall not be set off except against profits and gains, if any, of any other specified business. (2) Where for any assessment year any loss computed in respect of the specified business referred to in sub-section (1) has not been wholly set off under sub-section (1), so much of the loss as is not so set off or the whole loss where the assessee has no income from any other .....

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..... specified business and proposed to be inserted as a new section in the Income-tax Act,1961) shall not be set off except against profits and gains, if any, of any other specified business. Further, sub-section (2) of the proposed new section seeks to provide that where for any assessment year any loss computed in respect of the specified business referred to in the sub-section (1) has not been wh .....

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