https://www.taxtmi.com/highlights?id=57770 Addition as headless deemed income - Unaccounted income u/s. 68 to section 69D - In sub-section (2) of section 115BBE as introduced by Finance Act, 2012 only disallowance of expenditure or other allowance was considered against unaccounted income u/s. 68 to section 69D but business loss was not covered. It is only by Finance Act, 2016 w.e.f. 01.04.2017 it is inserted in the provision to deny benefit of set off of any loss. - AT en-us Thu, 29 Apr 2021 15:12:55 +0530 Thu, 29 Apr 2021 15:12:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57770 Addition as headless deemed income - Unaccounted income u/s. 68 to section 69D - In sub-section (2) of section 115BBE as introduced by Finance Act, 2012 only disallowance of expenditure or other allowance was considered against unaccounted income u/s. 68 to section 69D but business loss was not covered. It is only by Finance Act, 2016 w.e.f. 01.04.2017 it is inserted in the provision to deny benefit of set off of any loss. - AT Highlights Income Tax Thu, 29 Apr 2021 15:12:55 +0530 https://www.taxtmi.com/highlights?id=57770