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Income Tax - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Set off of loss - We uphold the plea of the assessee that so far ...

Case Laws     Income Tax

January 6, 2021

Set off of loss - We uphold the plea of the assessee that so far as set off of loss returned by the assessee in the assessment year 2014-15 is concerned, the same cannot be declined by the Assessing Officer in the assessment yea₹ 2016-17 and 2017-18, if otherwise admissible, only for the reason that the assessment for the assessment year 2014-15 is in progress - AT

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