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Persons carrying on Two or more Concerns, may let the Loss sustained in one against the Profits acquired in the other Concern.
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XCIV. Provided always, and be if further enacted, That nothing herein contained shall be construed to restrain any Person or Persons carrying on, either solely or in Partnership, Two or more distinct Trades, Manufactures, Adventures, or Concerns, in the Nature of Trade, the Profits whereof are made chargeable under the Rules of Schedule (D), from deducing or setting against the Profits acquired in One or more of the said Concerns, the Excels of the Loss or Losses sustained in any other of the said Concerns, over and above the Profits thereof, in such Manner as may be done under this Act, where a Loss shall be deducted from the Profits of the same Concern; and the respective commissioners shall have Authority to allow such Deductions as in other Cases, and to assess such person or Persons accordingly.
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