Income Tax - Case Law - Ramshree Steels (P.) Ltd. Versus Income-tax Officer, Ward 6(2), Kanpur 2013 (8) TMI 552 - ITAT LUCKNOW

Set off of business losses - setoff of business losses with speculation gains - Held that - The restriction set out in section 73 relates only to losses of speculation business being set off against profits of non specul.......... Income Tax - Case Law