Set off of business loss ignoring the provisions of section ...

Taxpayers Can Offset Business Losses Against Other Income u/s 71, Despite Section 90(2) Provisions.

April 9, 2012

Case Laws Income Tax AT

Set off of business loss ignoring the provisions of section 90(2) - From the prescription of section 71, it is palpable that there is no bar in allowing set off of loss under the head "Profits and gains of business or profession" against income under the head "Income from other sources".

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Set off of business loss ignoring the provisions of section ...

Taxpayers Can Offset Business Losses Against Other Income u/s 71, Despite Section 90(2) Provisions.

April 9, 2012

Case Laws Income Tax AT

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