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Income Tax - Highlights / Catch Notes

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Rectification u/s 154 - setting off of losses while allowing ...


Debatable Issue on Setting Off Losses Against Profits u/s 80IA Not Rectifiable u/s 154.

August 22, 2019

Case Laws     Income Tax     AT

Rectification u/s 154 - setting off of losses while allowing deduction u/s 80IA - whether the loss from the eligible units can be set off from the profits of other eligible units is a debatable issue and therefore, it cannot be rectified as u/s 154 only glaring and apparent can be rectified

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