https://www.taxtmi.com/caselaws?id=14138 The High Court ruled in favor of the assessee, allowing the set off of earlier year's losses against the current year's income based on the principle of common management and control. The judgment emphasized the importance of considering the overall business structure and organization in determining the eligibility for set off of losses under the Income-tax Act, 1961. en-us Tue, 24 Apr 2001 00:00:00 +0530 Mon, 13 Jul 2009 18:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14138 The High Court ruled in favor of the assessee, allowing the set off of earlier year's losses against the current year's income based on the principle of common management and control. The judgment emphasized the importance of considering the overall business structure and organization in determining the eligibility for set off of losses under the Income-tax Act, 1961. Case-Laws Income Tax Tue, 24 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14138