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2008 (7) TMI 372 - HC - Income TaxDeduction u/s 80HHC – was while computing deduction under section 80HHC, whether the loss incurred by the assessee for the previous years has to be given set off or not – In view of the decision of hon’ble Supreme Court in Synco Industries Ltd. v. Assessing Officer (Income-tax) [2008 -TMI - 3485 - Supreme court] AO directed to follow the guidelines prescribed therein.
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