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Assessee Can Offset Current Year's Business Loss Against Undisclosed Investment Taxed u/ss 69 and 115BBE.

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Full Text of the Document

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....The assessee will be eligible for set off of current year business loss against the undisclosed investment towards purchase of plot of land which has been surrendered during the course of search, and subsequently offered and brought to tax u/s 69 read with section 115BBE - AT....