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1988 (9) TMI 1 - SC - Income TaxWhether both the conditions mentioned in clause (a) & clause (b) of section 79 must apply for disentitling the loss of a prior year being allowed as set-off in accordance with the substantive provisions of s. 79 - to avoid falling within the scope of s. 79, it is sufficient for the assessee to show that the case attracts either clause (a) or clause (b). If the assessee succeeds in doing so, he will be entitled to the benefit of the provisions entitling him to carry forward and set-off of losses
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