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Limitations as to set-off and carry forward of losses in the case of firms, partners, etc

(1) Where the assessee is a registered firm, any loss which cannot be set-off against any other income of the firm shall be apportioned among the partners of the firm and they alone shall be entitled to have the amount of the loss set-off and carried forward for set-off under sections 34, 35, 36 and 37. (2) Nothing contained in section 35, s...


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