(1) The unabsorbed business loss (other than loss from speculation business) for any tax year shall be carried forward to the subsequent tax year and shall be set off only against the profits and gains of business or profession, carried on by him and assessable for that tax year, if any, computed for such subsequent […]

(1) Any loss computed from a speculation business carried on by the assessee, during any tax year, shall be set off only against profits and gains, if any, of another speculation business for the said tax year.(2) The unabsorbed speculation business loss for any tax year shall be carried forward to the subsequent tax year

(1) Any loss computed from a specified business carried on by the assessee, during any tax year, shall be set off only against profits and gains, if any, of any other specified business for the said tax year.(2) The unabsorbed loss from the specified business for any tax year shall be carried forward to the

(1) Any loss incurred by the assessee in the specified activity during any tax year, shall not be set off against the income, if any, from any source other than specified activity for the said tax year.(2) The unabsorbed loss from the specified activity for any tax year shall be carried forward to the subsequent

(1) Where there has been an amalgamation of,—(a) a company owning an industrial undertaking or a ship or a hotel with another company; or(b) a banking company referred to in section 5(c) of the Banking Regulation Act, 1949 with a specified bank; or(c) one or more public sector company with one or more other public

(1) Irrespective of anything contained in section 2(6)(a) to (c) or section 116, where there has been an amalgamation of,—(a) one or more banking company with—(i) any other banking institution under a scheme sanctioned and brought into force by the Central Government under section 45(7) of the Banking Regulation Act, 1949; or(ii) any other banking

(1) In a case of a co-operative bank, where amalgamation takes place during the tax year, the accumulated business loss and unabsorbed depreciation, if any, of the predecessor co-operative bank, shall be allowed to be set off against the income of the assessee, being a successor co-operative bank for that tax year, as if the

(1) In case of change in constitution of a firm during a tax year, such firm shall not be entitled to carry forward and set off so much of the loss proportionate to the share of retired or deceased partner as reduced by his share of profit, if any, from the firm for that tax

(1) Irrespective of anything to the contrary contained in any other provision of this Act, any loss, whether brought forward or otherwise or unabsorbed depreciation, shall not be allowed to be set off against any undisclosed income which is included in the total income of any tax year, consequent to a search conducted under section

Irrespective of anything contained in this Chapter, no loss which has not been determined in pursuance of a return filed under section 263(1), shall be carried forward and set off under section 111(1) and 111(2), or 112(1), or 113(2), or 114(2) or 115(1).