Ker. HC: Loss in Derivative Business Would be a Business Loss for Purposes of Section 72 of IT Act - 05.12.2024

Kerala High Court has observed that a loss in the derivative business would consequently be a business loss for the purposes of Section 72 of the Income Tax Act, 1961 and a set off of such business loss would have to be permitted against profits and gains of business as computed in terms of the Act.

Tags : Kerala High Court Derivative Business Section 72

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