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1960 (12) TMI 78 - HC - Income TaxExtract: .......ed on December 31, 1945, the loss that the assessee could carry forward was only the computed loss of 1945, viz., ₹ 18,096. We answer both the questions in the affirmative and against the assessee. The assessee will pay the costs of the Department in R.C. No. 100 of 1956. Counsel's fee ₹ 250. Questions answered in the affirmative.
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