Aggregation of income from special sources: current income offset against unabsorbed preceding losses; negatives become unabsorbed losses. The current income from each special source is aggregated with any unabsorbed preceding year loss from that special source to determine its gross total income. If that gross total income is negative it is treated as nil and the absolute value is the unabsorbed current loss for the year. Gross total incomes from each special source are then aggregated and the net result is the total income from special sources for the financial year.
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Provisions expressly mentioned in the judgment/order text.
Aggregation of income from special sources: current income offset against unabsorbed preceding losses; negatives become unabsorbed losses.
The current income from each special source is aggregated with any unabsorbed preceding year loss from that special source to determine its gross total income. If that gross total income is negative it is treated as nil and the absolute value is the unabsorbed current loss for the year. Gross total incomes from each special source are then aggregated and the net result is the total income from special sources for the financial year.
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