Business loss assessed by the AO cannot be set off against the ...

Business losses cannot offset unexplained cash credits taxed u/s 68, which are treated as taxable income.

August 24, 2012

Case Laws Income Tax AT

Business loss assessed by the AO cannot be set off against the amount taxed u/s 68 as unexplained cash credits taxed under section 68 cannot be pegged to any head of income- - AT

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Business loss assessed by the AO cannot be set off against the ...

Business losses cannot offset unexplained cash credits taxed u/s 68, which are treated as taxable income.

August 24, 2012

Case Laws Income Tax AT

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