Court Rules Surrendered Income Can Be Taxed Separately from Business Income, Disallowing Loss Offset u/ss 70 and 71. https://www.taxtmi.com/highlights?id=6573 Segregation of the surrendered income from business income - surrendered income can be taxed as deemed income without setting off of the losses u/s 70 & 71 - HC en-us Tue, 22 Jan 2013 12:15:45 +0530 Tue, 22 Jan 2013 12:15:45 +0530 TaxTMI RSS Generator Court Rules Surrendered Income Can Be Taxed Separately from Business Income, Disallowing Loss Offset u/ss 70 and 71. https://www.taxtmi.com/highlights?id=6573 Segregation of the surrendered income from business income - surrendered income can be taxed as deemed income without setting off of the losses u/s 70 & 71 - HC Highlights Income Tax Tue, 22 Jan 2013 12:15:45 +0530 https://www.taxtmi.com/highlights?id=6573