TMI BlogCommon partners in two firms – Set off of losses incurred by one firm from another - both the firms have...Common partners in two firms – Set off of losses incurred by one firm from another - both the firms have separate channels, be it of constitution or maintenance of accounts – thus, the loss earned by one firm cannot be pitted or set off against the profits of the other firm - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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