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1985 (6) TMI 25 - CALCUTTA HIGH COURTExtract: .......he assets involved exist and are used. But a loss once computed cannot be carried forward for more than eight succeeding assessment years under s. 72(3). For the above reasons, we answer the question referred in the affirmative and in favour of the assessee. In the facts and circumstances, we do not make any order as to costs. G. N. RAY J.-I agree.
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