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2012 (8) TMI 111 - AT - Income TaxDeduction u/s. 80P of the Act – RRBs - Held that:- Assessee's gross total income, total income, is nil in view of set off of brought forward business losses, which stand both claimed as well as allowed in assessment - no deduction u/s. 80P in the admitted absence of any positive gross total income for the current year is exigible to the assessee - Revenue's appeal is allowed
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