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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Business loss cannot be set off against the income assessed ...


Business Losses Not Offsettable Against Income u/s 68 of Income Tax Act Due to Non-Classification.

June 28, 2016

Case Laws     Income Tax     AT

Business loss cannot be set off against the income assessed under the deeming provisions of section 68, which is not falling under any of the five heads of income - AT

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