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CIT(A) allowed the carry forward of loss to the appellant instead of setting it off against the exempt income u/s.10(38) - In view of specific provisions of section 74 A.O was not entitled to reduce the loss, from the income exempt u/s 10(38) - order of CIT(A) is correct - Tri

Income Tax - CIT(A) allowed the carry forward of loss to the appellant instead of setting it off against the exempt inco .....

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