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1972 (4) TMI 25 - HC - Income Tax" 1. Whether the assessee is entitled to deduct the business loss of Rs. 1,38,756 for 1957-58, in computing its total income for 1958-59, for the purpose of levying the tax on registered firms? 2. Whether the assessee is entitled to deduct the unabsorbed depreciation of Rs. 1,12,283 and Rs. 2,15,911 from the profits of the year to arrive at the total income for the material year ? "
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