Set off of any Loss Prior to AY 2016-17 cannot be Denied u/s 115BBE of Income Tax Act: ITAT [Read Order]

By Ipsita Das - On June 24, 2023 8:15 pm - 2 mins read
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The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) held that set-off of any loss or deduction of any expenditure of business income, prior to Assessment Year (AY) 2016-17 cannot be denied under Section 115BBE of Income Tax Act, 1961. The assessee M/s Mahaluxmi Food Industries filed his income tax return for AY 2013-14, during…

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