Brought Forward Business Loss Can Be Setoff Against Capital Gains On Sale Of Business Assets
Last updated: 24 August 2021
Court :
Karnataka High Court
Brief :
The Hon'ble Karnataka High Court in matter of Nandi Steels Limited Vs. ACIT approved setoff of brought forward losses against capital gains on sale/transfer of business assets of the assessee under provisions of Section 72 of the Income Tax Act,1961.
Citation :
Nandi Steels Limited Vs. ACIT
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FCS Deepak Pratap Singh
Published in Income Tax
Views : 484
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