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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Determining the business loss by allowing carried forward loss - ...

Income Tax

July 25, 2020

Determining the business loss by allowing carried forward loss - return is filed beyond the due date prescribed u/s 139(1) - AO has correctly held that business loss is not allowable to be carried forward and has allowed being unabsorbed depreciation to be carried forward. - AT

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