Amendment of section 36.

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..... r expected loss as computed in accordance with the income computation and disclosure standards notified under sub-section (2) of section 145. . - Clause 10 of the Bill seeks to amend section 36 of the Income-tax Act relating to other deductions. Sub-section ( 1 ) of the said section provides for allowing certain deductions in computing income under the head Profits and gains of business o .....

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