120 — 120. No set off of losses against undisclosed income consequent to search, requisition and survey
IT Rules
Original Rule Text
120. No set off of losses against undisclosed income consequent to search, requisition and survey — This section (120) outlines the prohibition of setting off losses against undisclosed income resulting from a search, requisition, or survey under specific sections of the Act, as per Indian Income T... — Rule 120 of IT2025