Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2007 (5) TMI 194 - SC - Income Tax
Whether section 80AB can be applied to section 80HHC - Whether, in determination of business profit u/s 80HHC, the unabsorbed business losses of the earlier years u/s 72 of the Act should be set off - two points which had been posed by the High Court for its decision are answered in the negative, i.e., against the Revenue and in favour of the assessee.