https://www.taxtmi.com/caselaws?id=220344 The Tribunal allowed the assessee's appeal for statistical purposes, remanding the issue back to the Assessing Officer for fresh consideration. The Tribunal held that the loss from the 10B unit could be set off against other incomes under the same head of profits and gains of business or profession, as there was no statutory prohibition against such set off. The Assessing Officer was directed to reconsider the set off plea in accordance with the Tribunal's observations and legal precedents cited. en-us Fri, 05 Oct 2012 00:00:00 +0530 Sat, 19 Jan 2013 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220344 The Tribunal allowed the assessee's appeal for statistical purposes, remanding the issue back to the Assessing Officer for fresh consideration. The Tribunal held that the loss from the 10B unit could be set off against other incomes under the same head of profits and gains of business or profession, as there was no statutory prohibition against such set off. The Assessing Officer was directed to reconsider the set off plea in accordance with the Tribunal's observations and legal precedents cited. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220344