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

Business Losses Can't Offset Betting Income; Section 58(4) of Income Tax Act Not Applicable.

March 11, 2015

Case Laws Income Tax HC

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

Business Losses Can't Offset Betting Income; Section 58(4) of Income Tax Act Not Applicable.

March 11, 2015

Case Laws Income Tax HC

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