Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If section 165 - 10 (which is about deducting a tax loss) prevents a company from deducting a * tax loss, the company can deduct the part of the tax loss that was incurred during a part of the loss year .
(2) However, the company can do this only if, assuming that part
of the * loss year had been treated as the whole of the loss year for the
purposes of section 165 - 10, the company would have been entitled to
deduct the * tax loss.