Set off of business losses - The expression “any“ business ...

Case Laws Income Tax

August 21, 2013

Set off of business losses - The expression “any“ business clearly includes all businesses, without making any distinction between speculation and non-speculation business, and, therefore, going by the plain language of the statutory provision losses in a business, other than in speculation business, can be set off against profits of speculation business as also non speculation business - AT

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Set off of business losses - The expression “any“ business ...

Case Laws Income Tax

August 21, 2013

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