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1996 (11) TMI 21 - HC - Income TaxExtract: .......een examined by the Assessing Officer and it appears that during the accounting years 1986-87 and 1987-88, there was no carried forward loss. Therefore, we set aside the order of the Tribunal and leave it to the Tribunal to work out the correct loss or depreciation, if there is any. Hence, all the aforesaid three questions are accordingly answered.
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