TMI BlogSet off of the brought forward losses against the income from other sources - Ld. CIT (A) has rightly...Set off of the brought forward losses against the income from other sources - Ld. CIT (A) has rightly decided that, “although interest income has been shown as income from other sources it is still a part of the business income in nature as in all other assessment years and is available for set off of any losses from the previous year.” So, investing surplus funds in FDRs during the business activities is part of primary business of the assessee company to make easy availability of funds for cor..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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