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1986 (12) TMI 63 - AT - Income TaxExtract: .......led to redetermination of losses to be carried forward from the assessment year 1977-78 and 1978-79. The ITO shall verify the calculations given by us above and shall allow set off of the balance of losses in the assessment year 1978-79 which according to the figures furnished to us works out at Rs. 92,175. 10. In the result, the appeal is allowed.
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