Loss from house property: require general set off first, then apply special loss provision in the assessment year. Where the net result under the head Income from house property is a loss, such loss shall first be set off under the general set off provisions and thereafter the loss governed by the separate special loss provision shall be set off in the relevant assessment year.
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Provisions expressly mentioned in the judgment/order text.
Loss from house property: require general set off first, then apply special loss provision in the assessment year.
Where the net result under the head Income from house property is a loss, such loss shall first be set off under the general set off provisions and thereafter the loss governed by the separate special loss provision shall be set off in the relevant assessment year.
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