Reopening of assessment - assessee cannot be considered to be ...

Income Tax

April 23, 2015

Reopening of assessment - assessee cannot be considered to be carrying on NBFC business - If the interest income is assessed under the head income from other sources, then the assessee would not be entitled to set off the brought forward business loss against the income declared under the head Income from other sources - reopening sustained - AT

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Reopening of assessment - assessee cannot be considered to be ...

Income Tax

April 23, 2015

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