TMI BlogSubstitution of new section for sections 75, 76 and 77X X X X Extracts X X X X X X X X Extracts X X X X ..... 76 and 77 For sections 75, 76 and 77 of the Income-tax Act, the following section shall be substituted, with effect from the 1st day of April, 1993, namely :- "75. Losses of firms. - Where th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he income of the firm subject to the condition that the partner continues in the said firm and to be carried forward for set off under sections 70, 71, 72, 73, 74 and 74A.". X X X X Extracts X X X X X X X X Extracts X X X X
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