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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Entitlement to carry forward accumulated loses u/s 74 - Advance ...

Income Tax

March 13, 2019

Entitlement to carry forward accumulated loses u/s 74 - Advance Ruling - admittedly the petitioner had not filed any return of income, claiming loses for the earlier Assessment Year under the Act and it was not an Assessee under the Act - AAR rightly answered the question in negative.

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