Tribunal Allows Taxpayer's Business Loss Claim, Overturning Assessing Officer's Disallowance; Cites Previous Favorable Ruling.

Disallowance of business loss - AO held that the intention of the assessee was only to set off the rental income against such business loss therefore, disallowed the business loss claimed by the assessee against the rental income - since the Tribunal has already decided this issue in favour of the assessee for earlier year, claim allowed - AT .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X