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2008 (5) TMI 3 - SC - Income TaxAO originally allowed the benefit of carry forward of Rs.39,43,830/- as amortization expenses relating to on production of feature films but withdrawn the benefit on fresh assessment after receiving direction from the commissioner under section 263 since the provisions of section 80 was not complied with. Carrying forward of the business loss, u/s 80, and carrying forward of the expenditure over the income u/r 9A(3) are different provisions and the deduction is allowed accordingly.
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