Business loss can be set off against income having attributes of business income even if same isn’t assessable under PGBP : HC

INCOME TAX : Assessee was entitled to set off carried forward business loss of earlier years against income declared under head income from capital gains arising out of sale of land along with building and borewell which were business assets of assesseeINCOME TAX : Assessee was entitled to set off carried forward business loss of earlier years against income declared under head income from capital gains arising out of sale of land along with building and borewell which were business assets of assesseewww.taxmann.com Latest Case LawsRead More

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