Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1983 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1983 (12) TMI 74 - AT - Income TaxExtract: .......nature of income. On parity of reasoning it must be held that a loss or deficit in course of carrying out the activities of the club cannot be treated as a loss which could be set off against income from any other source or sources. We, therefore, agree with the conclusion reached by the authorities below. 5. In the result, the appeal is dismissed.
|