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Income Tax - Highlights / Catch Notes

Home Highlights February 2022 Year 2022 This

Disallowing set off of losses claimed by the appellant set-off ...

Income Tax

February 1, 2022

Disallowing set off of losses claimed by the appellant set-off of business losses and carried forward losses against the undisclosed income - We are of the view according to the CBDT Circular No. 11 of 2019 business losses and brought forward losses can be set-off against the income assessed under section 115BBE - AT

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