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2001 (4) TMI 78 - CALCUTTA HIGH COURTExtract: ....... the set-off of loss suffered in the earlier years against the income in the previous year relevant to the assessment year in hand when no business is carried on by assessee in the previous year relevant to the assessment year in hand. In the result, we answer the question in the negative, that is, in favour of the Revenue and against the assessee.
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