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2001 (10) TMI 79 - CALCUTTA HIGH COURT
Extract:
.......business loss here exceeds income computed under the head Income from other sources and, as such the Explanation to section 73 is clearly applicable. We, therefore, find no infirmity in the order of the Tribunal and answer the question in the affirmative, that is, in favour of the Revenue and against the assessee. The reference is thus disposed of.