Set-off of net operations loss against income from house property and ‘other’ sources - principle of...

Set-off of net operations loss against income from house property and ‘other’ sources - principle of mutuality - once the assessee's impugned deficit arising from mutuality account is neither covered in any of the said heads as well nor u/s. 2(24)(vii) defining “income” in the very account, section 71 of the Act would not apply in isolation. - AT .....

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