4. Explain the concept of Block of Assets. Also, explain the provisions applicable to set off and
carry forward and set off of unabsorbed depreciation and non-speculative business losses
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“block of assets” means a group of assets falling within a class of assets comprising— (b) intangible assets, being know-how, patents, copyrights, trade-marks, licences, franchises or any other business or commercial rights of similar nature,
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