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1957 (8) TMI 25 - HC - Income TaxExtract: ....... first to have been set off against the current year's profit of ₹ 9,56,467, was, therefore, rightly negatived. For the reasons given above, the answer to the question referred is in the affirmative. The Commissioner of Income-tax, West Bengal, will have the costs of this reference. GUHA, J.--I agree. Question answered in the affirmative.
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