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Income Tax - Highlights / Catch Notes

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Denial of deduction u/s 80-IA - When the assessee exercises the ...


Section 80-IA Deduction: Clarification on Loss Carry Forward Limits to Initial Assessment Year Onward Only.

August 23, 2012

Case Laws     Income Tax     AT

Denial of deduction u/s 80-IA - When the assessee exercises the option, only the losses of the years beginning from the initial A.Y. are to be brought forward and not the losses of the earlier years which have been already set off against the income of the assesseec - AT

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