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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Application of Section 70 and 74 - set off of losses - Exemption ...


High Court Clarifies Interaction of Sections 70, 74, and 50EC for Tax Exemptions and Set-Offs in Income Tax.

July 17, 2013

Case Laws     Income Tax     HC

Application of Section 70 and 74 - set off of losses - Exemption u/s 50EC - priority - For taking benefit under Section 54E, it is not necessary that one should first apply Section 70(3) - HC

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