Income tax setoff

CA Ameetkumar Jain (Practising Chartered Accountants)   (83 Points)

02 December 2019  

Sir,  My query is with regards to set off of PGBP loss with IOS, Is it allowed as per provisions of the Income tax act ? As CPC is not allowing the said set off, this query is raised. Moreover, while going through the set off provisions, nowhere we are barred from making the setoff of PGBP loss with IOS.

 

Please guide.