Allowability of set off of business loss against the interest ...
Section 71(1) Income Tax Act: Set Off Business Losses Against Other Income, Reducing Tax Liability.
February 11, 2021
Case Laws Income Tax AT
Allowability of set off of business loss against the interest income - as per section 71(1) of the Act, assessee is entitled to set off business loss with income from other sources. - AT
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