whether the income offered u/s.68
be set off against the business loss understand which IT Provision.
please clarify
2 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 22 June 2018
The Acit,, Guntur vs Sai Bhaskar Irons Limited,, ... on 21 February, 2018 by virtue of this case law you can set off your business loss with income u/s 68 only when the business loss pertains to be in same year as income under section 68 belongs..
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