Deduction u/s 80IA - change in the share holding of the assessee ...

Court Rules Lapsed Losses Can't Offset Current Profits for Section 80IA Deductions; Only Actual Losses Count.

March 5, 2020

Case Laws Income Tax HC

Deduction u/s 80IA - change in the share holding of the assessee company - When the loss of earlier years have already lapsed, then the same cannot be notionally carried forward and set off against the profit and gains of the assessee's business for the year under consideration in computing the quantum of deduction under section 80IA (1) - HC

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Deduction u/s 80IA - change in the share holding of the assessee ...

Court Rules Lapsed Losses Can't Offset Current Profits for Section 80IA Deductions; Only Actual Losses Count.

March 5, 2020

Case Laws Income Tax HC

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