Business losses can be set off against undisclosed income under sec. 68, says ITAT
August 27, 2014[2014] 47 taxmann.com 383 (Ahmedabad - Trib.)/[2014] 161 TTJ 39 (Ahmedabad - Trib.)
IT: Set off of business loss against addition under section 68 to be allowed
Regards
Prarthana Jalan
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