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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Set-off of loss sustained in business against betting and ...

Case Laws     Income Tax

March 11, 2015

Set-off of loss sustained in business against betting and gambling income - It is not the case of the assessee that the income being brought to tax is earned from owning and maintaining the horses. - the provisions of Section 58(4) of the Act will not come into play - HC

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