Intimation of Loss - Section 157

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..... (3) or section 74A(3) then the Assessing Officer shall notify to the assessee by an order in writing the amount of the loss as computed by him. Effect of Non-Intimation of Loss:- In the course of an assessment proceeding if a loss is computed it is incumbent of the Assessing Officer to notify to the assessee by an order in writing the amount of loss so computed or determined by him. In the absenc .....

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