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1996 (8) TMI 14 - HC - Income TaxExtract: .......en by the Commissioner is not correct as the loss of the assessee had to be carried forward according to the unamended provisions of section 139(4) as well as section 80, as they stood prior to the amendment of 1987 which came into effect from April 1, 1989. We, therefore, answer both the questions in favour of the assessee and against the Revenue.
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