Thursday, October 29, 2020

Loss of 100% export oriented units can be set off against profit of other units under same head

INCOME TAX : Loss sustained by assessee-company from its hundred per cent export oriented unit (EOU) which was entitled to exemption under section 10B could be set-off against profit of its other units under same head of income

from www.taxmann.com Latest Case Laws https://ift.tt/2TMYkwl

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...