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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Not allowing the carry forward of the business loss - If any ...

Income Tax

December 23, 2019

Not allowing the carry forward of the business loss - If any loss is not be allowed to be carried forward as discussed above, then the revenue has the power to deny the claim of the assessee in that very year only - However, the Revenue has no remedy/power to disturb such claim of the assessee in any other assessment year.

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