2018 (1) TMI 1120

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..... 15, the Department has taken a policy decision not to prosecute the appeals wherein the tax effect is less than 20 lakhs. ITAT order [2015 (1) TMI 1369 - ITAT MUMBAI] confirmed saying losses of earlier years cannot be notionally brought forward to be set off against current year’s income, since the current year is the initial assessment year in which deduction u/s 80IA was claimed.
S.V. GANGAPU .....

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