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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Setting off of loss of 10A unit, against interest income ...


Loss from 10A Unit Can Offset Interest Income from Other Sources, Favorable CBDT Circular Applied in Assessment.

September 14, 2015

Case Laws     Income Tax     AT

Setting off of loss of 10A unit, against interest income assessed under the head ‘income from other sources’ - undisputed position that the Circular dated 16.7.2013 issued by the CBDT is beneficial to the assessee - effect of the said Circular is required to be given - AT

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