sir if in a given year profit has to be set off against both carry back claim and carry forwards loss then first preference will be given to carry back, right? even more preference will be given to current year claim(if there is any)?
You do not set off profits against losses – losses are set off against profits and – as the OT notes state – to achieve relief at the earliest available opportunity the company must make a current period claim BEFORE a carry back claim is permitted and then any remaining loss will be c/f