Set off of business loss with salary income

Previously it used to happen that many of the assesses use to work in industry part time & also do their business.  So they us to show more deduction in their business & reduce the profits or sometimes show loss.  This loss was being set-off against salary income, so that the assessee was required to pay tax.

That's why the FM had made the provision that the assessee was not allowed to set-off business loss against salary income.

No its not permitted!!