Landmark sccase-loss cannt be s/o agn inc disclosd in survey

Tax planning 981 views 16 replies

PLS CHECK ATTACHEDFILE WHIC CONTAINS HIGHLY IMP SUPREME COURT JUDGEMENT WHICH SAYS LOSSESS UNDER SEC70 OR 71 CANNOT BE SET OFF AGAINST INCOME DISCLOSED DURING SURVEY.

VERY VERY IMP PLS BOOKMARK IT

ALSO PLS HIT THE THANKS BUTTON yes


Attached File : 391122 1119139 loss set off us 70 71 not permissible against income disclosed during survey.doc downloaded: 197 times
Replies (16)

its becoming a habit to me to study your posts!!!! keep sharing.... nice work

Originally posted by : kavitha

its becoming a habit to me to study your posts!!!! keep sharing.... nice work

THANK U VERY MUCH FOR UR WARM GESTURE AND UR SUPPORT.......SOLE INTENTION IS TO HELP AS MANY MEMBERS ON CCI THROUGH MYCONTRIBUTION.

THANKS ALOT.yes

Originally posted by : kavitha

its becoming a habit to me to study your posts!!!! keep sharing.... nice work

Thanks for the post.

.

Let us accept  the 6th head of income..as a very very special head.

i.e. ..Deemed Income

....which is ...

1. not covered by Section 14.  

2. not  accepting set off and c/fd provisions. 

.

 

 

 

 

Originally posted by : CA Paras Bafna

Thanks for the post.

.

Let us accept  the 6th head of income..as a very very special head.

i.e. ..Deemed Income

....which is ...

1. not covered by Section 14.  

2. not  accepting set off and c/fd provisions. 

.

 

 

 

 

Sirjiii It dept has already incorporated it but v dont know directly as such deeming fiction is strecthed throught the act in various provisons of income tax act.

Further,sometimes wat is legally allowed to be set off but AO tries variety of tactics to disallow it even in genuine cases.

thanks for commenting.yes

thanks.

Than for sharing..................

yesthanks for sharing .....

Thanku for sharing, keep sharing.

"ALSO PLS HIT THE THANKS BUTTON".....
"SOLE INTENTION IS TO HELP AS MANY MEMBERS ON CCI THROUGH MYCONTRIBUTION"....

I guess the first statement was totally uncalled for....if ur sole intention is to help members then dont worry abt thnks.....it's d blessings tht counts....which will take u a long way........

nyways.......thnx for sharing the info.....

Thanks for your informative posts.....

Trademark Tushar post. Bookmarked for future reference.

Originally posted by : Sourav Banerjee MA,MSW


Trademark Tushar post. Bookmarked for future reference.

 

RIGHTLY REMARKED .....

 

 

 

THANK U VERY MUCH FOR UR WARM WISHES AND COMMENTS.yes


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