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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Re computation of income - first sett-off the carry forward ...


High Court Confirms CBDT Circulars Bind Tax Authorities: Set Off Speculative Losses Before Business Losses in Income Computation.

February 10, 2013

Case Laws     Income Tax     HC

Re computation of income - first sett-off the carry forward speculative losses against the speculative profit and then set-off the business losses - beneficial circulars issued by the CBDT are binding on the income tax authorities - HC

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