Relief to Tata Industries: ITAT allows set off of brought Forward Business Losses against Foreign Dividend Income [Read Order]

Tata - Industries - ITAT - Business - Losses - Foreign - Dividend - Income - TAXSCAN

As a relief to  Tata Industries, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) allowed the set offof brought forward business losses against foreign dividend income. The assessee challenged the order of CIT(A) in not granting set off of current year business loss against foreign dividend income and upholding the levy of tax…

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