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Section 119 — Carry forward and set off of losses not permissible in certain cases: its source in the Income-tax Act, 1961
Section 119 (Carry forward and set off of losses not permissible in certain cases) of the Income-tax Act, 2025 consolidates Section 78 and Section 79 of the Income-tax Act, 1961 as per the official CBDT correspondence.
source provisions · income-tax act, 1961
- Section 78 — Carry forward and set off of losses in case of change in constitution of firm or on succession
- Section 79 — Carry forward and set off of losses in case of certain companies
read both texts · §78 (1961) vs §119 (2025)
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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.
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