TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Supreme Court Revokes Decision on Set-off of Losses</h1> <h3>Commissioner of Income-Tax, Uttar Pradesh Versus Gupta Brothers Private Limited</h3> Commissioner of Income-Tax, Uttar Pradesh Versus Gupta Brothers Private Limited - [1972] 83 ITR 443 (SC) The Supreme Court allowed an appeal regarding the set-off of a loss in speculative business against profits from non-speculative businesses in the same accounting year. The court revoked the High Court's decision and ruled in favor of the department, disallowing the set-off claimed by the assessee. The appeal was allowed with no order as to costs. (Case citation: 1971 (7) TMI 10 - Supreme Court)
TaxTMI 