Section 10B allows offsetting losses from a Section 10B unit against income from other sources, despite implied restrictions.

Section 10B allows offsetting losses from a Section 10B unit against income from other sources, despite implied restrictions. https://www.taxtmi.com/highlights?id=6541 Setting off of loss of Sec.10B unit from the income under other heads - there is intrinsic material in Section 10B to indicate that such a prohibition was not within the contemplation of the Legislature. - AT en-us Mon, 21 Jan 2013 08:01:26 +0530 Mon, 21 Jan 2013 08:01:26 +0530 TaxTMI RSS Generator Section 10B allows offsetting losses from a Section 10B unit against income from other sources, despite implied restrictions. https://www.taxtmi.com/highlights?id=6541 Setting off of loss of Sec.10B unit from the income under other heads - there is intrinsic material in Section 10B to indicate that such a prohibition was not within the contemplation of the Legislature. - AT Highlights Income Tax Mon, 21 Jan 2013 08:01:26 +0530 https://www.taxtmi.com/highlights?id=6541