Examlex
A corporation realizes a NLTCL this year.The loss cannot be deducted in the current year.It must be carried back two years and then carried forward 20 years.
Legal Systems
The frameworks and institutions through which laws are developed, interpreted, and enforced to govern social behavior and resolve disputes.
Affirmed
In a legal context, when a higher court upholds the decision of a lower court, confirming the original decision was correct.
Varied
Characterized by diversity or difference; not uniform or consistent.
Federal Legislation
Laws passed by the federal government of a country, which apply to all regions and individuals within that country.
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