https://www.taxtmi.com/highlights?id=56368 Deduction u/s 35AD and set off u/s 73A against the loss incurred by it in other unit - Loss of assessee on account of a specified business claiming deduction u/s 35AD would be allowed to set of against the profit of another specified business. U/s 73A, whether or not the later is eligible for deduction u/s 35AD. Therefore, by the above clarification, it is clear that assessee can claim set off against the profit from specified business units of Mumbai and Indore. - AT en-us Mon, 18 Jan 2021 13:11:34 +0530 Mon, 18 Jan 2021 13:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56368 Deduction u/s 35AD and set off u/s 73A against the loss incurred by it in other unit - Loss of assessee on account of a specified business claiming deduction u/s 35AD would be allowed to set of against the profit of another specified business. U/s 73A, whether or not the later is eligible for deduction u/s 35AD. Therefore, by the above clarification, it is clear that assessee can claim set off against the profit from specified business units of Mumbai and Indore. - AT Highlights Income Tax Mon, 18 Jan 2021 13:11:34 +0530 https://www.taxtmi.com/highlights?id=56368