Taxpayer's Income u/s 68 Categorized as "Income from Other Sources" Can Offset Business Losses Per Section 71.

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....Unexplained credit u/s 68 - the amount received by the assessee is to be treated as income u/s 68, assessable under the head “Income from other sources” and accordingly as per the provision of section 71, Business losses of the assessee are to be set off against the same. - AT....