ITAT Dismisses Rectification Orders, Upholds Setting off Business Loss

Ashapura Build Con Vs ITO (ITAT Ahmedabad)

In a recent case, Ashapura Build Con appealed against the orders passed by the Ld. Commissioner of Income Tax (Appeals) at the National Faceless Appeal Centre, Delhi, for the assessment years 2017-18 and 2018-19. The appeals were related to the setting off of business losses against property income and income from other sources.

The appellant, a partnership firm, filed returns with a business loss and income from house property. However, the inti

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