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Income Tax - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Set off of brought forward losses - deduction u/s 80IA - the ...


Taxpayer's Set-Off of Losses Post-Tax Holiday Violates Section 80IA of Income Tax Act Rules.

August 21, 2018

Case Laws     Income Tax     AT

Set off of brought forward losses - deduction u/s 80IA - the assessee has carried forward the losses till exhausting the 10 years tax holiday period and claimed the loss in the impugned assessment year which is against the provisions of law.

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