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1995 (12) TMI 59 - PUNJAB AND HARYANA HIGH COURTExtract: .......ed to carry forward the loss to claim set-off against the profits earned in the assessment year in question. Cessation of business would result in the loss of the right to carry forward its loss to the following years. In view of the reasons recorded above, we answer the question referred to us in the affirmative and against the assessee. No costs.
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