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1993 (7) TMI 35 - HC - Income TaxExtract: .......ibunal was correct in upholding the direction of the Commissioner of Income-tax (Appeals) to set off the losses of the earlier years against the profits of the current year from the same sources. The question is, therefore, answered in the affirmative and in favour of the assessee. There will be no order as to costs. AJIT KUMAR SENGUPTA J.-I agree.
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