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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Block assessment - section 158BB(4) - set off of the loss ...


Taxpayers Can Offset Losses Against Income in Block Period u/s 158BB(4) Interpretation.

November 23, 2013

Case Laws     Income Tax     HC

Block assessment - section 158BB(4) - set off of the loss suffered in any of the previous year in the block period against the income assessed in other previous years in the block period is not prohibited - HC

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