Allowability of set off business loss against income from house ...

Court Rules Business Loss Cannot Offset House Property Income u/s 70; Double Deduction Not Allowed.

August 13, 2014

Case Laws Income Tax HC

Allowability of set off business loss against income from house property u/s 70 – assessee has not carried on any business activity – assessee's claim that all the expenses should be set off against the house property income is not acceptable as it will amount to allowing double deduction to the appellant - HC

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Allowability of set off business loss against income from house ...

Court Rules Business Loss Cannot Offset House Property Income u/s 70; Double Deduction Not Allowed.

August 13, 2014

Case Laws Income Tax HC

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