High Court Clarifies Interaction of Sections 70, 74, and 50EC for Tax Exemptions and Set-Offs in Income Tax. https://www.taxtmi.com/highlights?id=13460 Application of Section 70 and 74 - set off of losses - Exemption u/s 50EC - priority - For taking benefit under Section 54E, it is not necessary that one should first apply Section 70(3) - HC en-us Wed, 17 Jul 2013 09:22:01 +0530 Wed, 17 Jul 2013 09:22:01 +0530 TaxTMI RSS Generator High Court Clarifies Interaction of Sections 70, 74, and 50EC for Tax Exemptions and Set-Offs in Income Tax. https://www.taxtmi.com/highlights?id=13460 Application of Section 70 and 74 - set off of losses - Exemption u/s 50EC - priority - For taking benefit under Section 54E, it is not necessary that one should first apply Section 70(3) - HC Highlights Income Tax Wed, 17 Jul 2013 09:22:01 +0530 https://www.taxtmi.com/highlights?id=13460