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INTIMATION OF LOSS UNDER SECTION 157

Income Tax - Return of Income and Assessment Procedure - 32 - When, in the course of the assessment of the total income of any assessee, it is established that a loss has taken place which the assessee is entitled to have carried forward and set off .....

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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 absence of such a communicati .....

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