Benefit of set off of business losses - income relates to ...

Assessee cannot offset business losses against rental income due to cessation of business activities. No resumption of original business.

July 20, 2019

Case Laws Income Tax HC

Benefit of set off of business losses - income relates to renting of warehousing - entire business activity have come to a grounding halt and subsequently, the conduct of the assessee also clearly reveals that the same line of business was never restarted - not entitled for the benefit of set off of business loss

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Benefit of set off of business losses - income relates to ...

Assessee cannot offset business losses against rental income due to cessation of business activities. No resumption of original business.

July 20, 2019

Case Laws Income Tax HC

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