BHIMA JEWELLERS vs. COMMISSIONER OF INCOME TAX,
ITA/15/2021HC Kerala25 Aug 2022
Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI
For Appellant: M/S BHIMA JEWELLERSFor Respondent: COMMISSIONER OF INCOME TAX
Section 115Section 115BSection 263Section 68Section 69Section 69ASection 69BSection 69CSection 69D
68 of the Act falls under one head or the other of
Section 14 of the Act and if so Section 115BBE as applicable for
the assessment year bars adjusting business loss from income.
In Vijaya Hospitality case, the possible and probable arguments
available for denying the claim of business loss set off are
considered
