Carry forward & set off of losses.

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..... 's Instruction No.1528 (F.No.225/240/78-ITA.II) dated 20th September 1983 wherein it was clarified that in case a loss return is not filed within the time prescribed u/s.139(3) the assessee will not b .....

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..... h effect from 9th April, 1985. Under the amended provisions carry forward and set off loss will not be allowed unless it has been determined in pursuance of a return filed within the time allowed u/s. .....

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