Home Highlights August 2016 Year 2016 This

You may also like:

1. Set-off of current year losses against the addition made u/s 68 - going through sub-Section (2) of Section 115BBE of the Act, the words “set off of any loss” appearing...

2. Set-off of the losses against the deemed income u/s 69C - Determination of correct head of income - there is no iota of doubt that the deemed income assessed u/s 69C of...

3. Amendment of section 115BBE. - tax on income referred to in section 68 or section 69 or section 69A or section 69B or section 69C or section 69D - no deduction in...

4. Claim of set off of unabsorbed depreciation against the rental income treated as income from other sources – discontinued activity - set off allowed - AT

5. Disallowance on account of setting of STCG against depreciation - carry forward of unabsorbed depreciation - set off allowed.

6. Set off of business loss against the income added by the AO u/s.69A allowed - AT

7. Computation of tax u/s 115BBE - as argued when no income was brought to tax u/s 68, 69, 69A, 69B, 69C or 69D, then no computation of tax u/s 115BBE was required to be...

8. When additions are made under section 68, 69, 69A, 69B and 69C, no deduction is allowed in respect of any expenditure if assessee fails to explain such income as taxable...

9. Whether assessee is entitled to set off the un-absorbed depreciation against the income from other sources ? - there could be no depreciation claimed as against income...

10. Set off of loss incurred on sale of polished diamond goods against deemed income assessed u/s. 69A - set off against the income declared during the course of search -...