CIT Revision u/s 263 on Derivative Loss Set-Off Against Business Income, Tribunal Ruling in Favor of Revenue.

Revision u/s 263 by CIT - setting off of derivative loss against business income - the Tribunal has not given a specific finding as to how there is no bar under the Income Tax Act for setting off of derivative loss against business income in the facts and circumstances of the case. - Decided the appeal in favor of revenue, matter restored before PCIT - HC .....

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