Amendment to sec. 115BBE denying set off of losses from deemed income is prospective in nature

IT : Amendment made to section 115BBE w.e.f. 1-4-2017 denying set off of losses is prospectively applicable; assessee could claim set off of losses, both current and brought forward, against its business income as well as deemed income under sections 68 to 69C in assessment years period to 1.4.2017

from www.taxmann.com Latest Case Laws http://bit.ly/2IXEtGn