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PGBP

GC (P) ltd. engaged in cold chain storage (which is a specified business u/s 35 AD)has brought forward business loss of Rs, 12,00,000 relating to AY 2021-2022. During the PY 2022-2023 its income from the said business Is Rs. 9,00,000. It also has profit from trade in food grains of Rs. 6,00,000. The total income of the company for the AY2023-2024 i.e. PY 2022-23 is.

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