https://www.taxtmi.com/caselaws?id=261730 The HC upheld the ITAT's treatment of Rs. 1,00,98,672 as income from other sources rather than deemed income under Section 69, allowing set off of business loss under Section 71. The court confirmed that losses, excluding capital gains, can be set off against income from other heads. Applying precedents, the HC found no error in ITAT's approach and dismissed the revenue's appeal. en-us Thu, 04 Apr 2013 00:00:00 +0530 Wed, 08 Apr 2026 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261730 The HC upheld the ITAT's treatment of Rs. 1,00,98,672 as income from other sources rather than deemed income under Section 69, allowing set off of business loss under Section 71. The court confirmed that losses, excluding capital gains, can be set off against income from other heads. Applying precedents, the HC found no error in ITAT's approach and dismissed the revenue's appeal. Case-Laws Income Tax Thu, 04 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261730