Provisions of section 71(2) cannot be construed to give option ...

Assessees must offset business losses against short-term capital gains; no separate carry forward allowed u/s 71(2).

September 11, 2014

Case Laws Income Tax AT

Provisions of section 71(2) cannot be construed to give option to the assessee to carry forward business loss separately without set off of income arising out of short term capital gain. - AT

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Provisions of section 71(2) cannot be construed to give option ...

Assessees must offset business losses against short-term capital gains; no separate carry forward allowed u/s 71(2).

September 11, 2014

Case Laws Income Tax AT

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