Set-off of current year losses against the addition made u/s 68 ...

Income Tax

February 17, 2023

Set-off of current year losses against the addition made u/s 68 - going through sub-Section (2) of Section 115BBE of the Act, the words “set off of any loss” appearing in second line was inserted from 01/04/2017. Before this insertion, there was no bar on setting off of any losses incurred during the year against the income referred to in Section 68, 69, 69A, 69B, 69C or 69D of the Act. - the assessee is entitled to claim of set-off of losses in the income determined u/s 115BBE of the Act. - AT

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Set-off of current year losses against the addition made u/s 68 ...

Income Tax

February 17, 2023

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