Manner of computing disputed tax in cases where loss or unabsorbed depreciation is reduced

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..... ed forward under the Income-tax Act, 1961 (43 of 1961), the declarant shall have an option to (i) include the tax, including surcharge and cess, payable on the amount by which loss or unabsorbed depreciation is reduced in the disputed tax and carry forward the loss or unabsorbed depreciation by ignoring such amount of reduction in loss or unabsorbed depreciation; or (ii) carry forward the reduced .....

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