Set off of loss incurred on sale of polished diamond goods ...

Court Allows Set-Off of Diamond Sale Losses Against Income u/s 69A; Section 71 Permits Set-Offs.

February 1, 2017

Case Laws Income Tax AT

Set off of loss incurred on sale of polished diamond goods against deemed income assessed u/s. 69A - set off against the income declared during the course of search - Since section 71 do not debar from setting off such losses, set off of business losses allowed - AT

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Set off of loss incurred on sale of polished diamond goods ...

Court Allows Set-Off of Diamond Sale Losses Against Income u/s 69A; Section 71 Permits Set-Offs.

February 1, 2017

Case Laws Income Tax AT

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