Taxpayers Can Offset Losses Against Income in Block Period u/s 158BB(4) Interpretation. https://www.taxtmi.com/highlights?id=16009 Block assessment - section 158BB(4) - set off of the loss suffered in any of the previous year in the block period against the income assessed in other previous years in the block period is not prohibited - HC en-us Sat, 23 Nov 2013 20:11:21 +0530 Sat, 23 Nov 2013 20:11:21 +0530 TaxTMI RSS Generator Taxpayers Can Offset Losses Against Income in Block Period u/s 158BB(4) Interpretation. https://www.taxtmi.com/highlights?id=16009 Block assessment - section 158BB(4) - set off of the loss suffered in any of the previous year in the block period against the income assessed in other previous years in the block period is not prohibited - HC Highlights Income Tax Sat, 23 Nov 2013 20:11:21 +0530 https://www.taxtmi.com/highlights?id=16009