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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Share of the loss of the AOP claimed as business loss - joint ...

Case Laws     Income Tax

August 21, 2015

Share of the loss of the AOP claimed as business loss - joint venture - there is no provision for setting off of a member’s share of the losses of the AOP against his personal income - revision u/s 263 by the CIT is valid - HC

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