https://www.taxtmi.com/caselaws?id=29194 Relief on business succession under section 25(4) of the Indian Income-tax Act, 1922 extends to income from house property where the property forms part of business assets and earns income in the course of business; heads of income are computation methods rather than exhaustive sources. Business loss may be set off against property income under section 24(1) before consequential relief is claimed, as the provision imposes no rigid order of adjustment. Relief also extends to super-tax where no prior actual super-tax assessment occurred; a provisional computation for excess profits duty or super-tax purposes is not such an assessment. en-us Tue, 19 Aug 1980 00:00:00 +0530 Thu, 11 Mar 2010 13:16:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29194 Relief on business succession under section 25(4) of the Indian Income-tax Act, 1922 extends to income from house property where the property forms part of business assets and earns income in the course of business; heads of income are computation methods rather than exhaustive sources. Business loss may be set off against property income under section 24(1) before consequential relief is claimed, as the provision imposes no rigid order of adjustment. Relief also extends to super-tax where no prior actual super-tax assessment occurred; a provisional computation for excess profits duty or super-tax purposes is not such an assessment. Case-Laws Income Tax Tue, 19 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29194