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[Cites 0, Cited by 1] [Section 2] [Entire Act]

Union of India - Subsection

Section 2(7) in The Business Profits Act, 1947

(7)" deficiency of profits" means-
(i)where profits have been made in any chargeable accounting period, the amount by which such profits fall short of the abatement in respect of that period;
(ii)where a loss has been made in any chargeable accounting period, the amount of the loss added to the abatement in respect of that period;