https://www.taxtmi.com/highlights?id=3211 Exemption u/s 10B - 100% EOU - there was a loss in the Unit eligible for deduction u/s. 10B and there was a business income in an another Unit. Therefore, while computing the total income; the business income can be computed only after set off of business loss as per section 70 and if after such set off, still there is a business loss, such loss can be set off against other sources as per section 71 of the I.T. Act - AT en-us Thu, 15 Mar 2012 18:10:36 +0530 Thu, 15 Mar 2012 18:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=3211 Exemption u/s 10B - 100% EOU - there was a loss in the Unit eligible for deduction u/s. 10B and there was a business income in an another Unit. Therefore, while computing the total income; the business income can be computed only after set off of business loss as per section 70 and if after such set off, still there is a business loss, such loss can be set off against other sources as per section 71 of the I.T. Act - AT Highlights Income Tax Thu, 15 Mar 2012 18:10:36 +0530 https://www.taxtmi.com/highlights?id=3211