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2009 (6) TMI 695 - ITAT VISAKHAPATNAMExtract: .......forward losses can be allowed to the assessee. We, accordingly, set aside the order of the CIT(A) and direct the Assessing Officer to allow the brought forward losses against the aforesaid business income of the assessee. 25. In the result, the appeal of the assessee in ITA No. 502/Vizag/2005 is allowed and ITA No. 121/Vizag/2007 is partly allowed.
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