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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Entitlement for claim of set off of past losses - same business ...


Court Approves Tax Set-Off for Past Losses Due to Unified Control Despite Different Business Natures.

May 6, 2014

Case Laws     Income Tax     HC

Entitlement for claim of set off of past losses - same business - two nature of business is wholly irrelevant - there was common management, unity of control and common control of business continued – set off allowed - HC

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