Set-off of the losses against the deemed income u/s 69C - ...

Deemed income u/s 69C can be set off against losses, clarifying its classification within standard income categories.

November 2, 2023

Case Laws Income Tax AT

Set-off of the losses against the deemed income u/s 69C - Determination of correct head of income - there is no iota of doubt that the deemed income assessed u/s 69C of the Act should not be treated as income falling outside the ambit of classification contained in section 14. - Therefore lower authorities committed illegality in not allowing the set-off of the losses against the deemed income u/s 69C - AT

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Set-off of the losses against the deemed income u/s 69C - ...

Deemed income u/s 69C can be set off against losses, clarifying its classification within standard income categories.

November 2, 2023

Case Laws Income Tax AT

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