Description:
Accordingly, S.54EC deduction has to be given before set-off of losses.
The Tata Power Co. Ltd. vs. ACIT (Mumbai) (ITAT)
Source:
1. www.aiftponline.org
2. AIFTP TIMES Volume.No.2 August, 2011,Page No.8.
3. www.itatonline.org.
Our comment:
Deduction U/s 54EC has to allowed to set off before Profit forward losses.
