Section 78 — Carry forward and set off of losses in case of change in constitution of firm or on succession: where it sits in the Income-tax Act, 2025

As per the official CBDT correspondence, Section 78 (Carry forward and set off of losses in case of change in constitution of firm or on succession) of the Income-tax Act, 1961 corresponds to Section 119 (Carry forward and set off of losses not permissible in certain cases) of the Income-tax Act, 2025.

Source: the CBDT’s official 1961↔2025 correspondence table (incometaxindia.gov.in), captured 2026-07-21. This is a research aid — verify against the official CBDT utility ↗ before professional reliance.