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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Set off of loss u/s 70(1) - the assessee is not eligible to ...


Partner Cannot Claim Firm's Unabsorbed Depreciation Against Personal Income u/s 70(1) of Income Tax Act.

February 28, 2014

Case Laws     Income Tax     AT

Set off of loss u/s 70(1) - the assessee is not eligible to claim unabsorbed depreciation of the firm against incomes of the assessee who is partner of the firm and assessed in individual capacity - AT

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