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2016 (4) TMI 821 - AT - Income TaxSet off of business loss against the income added by the AO u/s.69A - Held that:- when two views are possible on the same issue the view which is favourable to the assessee should be followed in view of the decision of Hon’ble Supreme Court in the case of Vegetable Products Ltd. (1973 (1) TMI 1 - SUPREME Court ). In this view of the matter, we hold that the assessee is entitled to get set off of ₹ 13,86,925/- out of the addition of ₹ 28,94,581/- made by the AO u/s.69A of the I.T. Act. - Decided in favour of assessee
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