Set off of loss from one source against income from another source under the same head of income
Set off, or carry forward and set off
15 [Set off of loss from one source against income from another source under the same head of income.
16 70. 17 [* * *] Save as otherwise provided in this Act, where the net result for any assessment year in respect of any source falling under any head of income 18 [* * *] is a loss, the assessee shall be entitled to have the amount of such loss set off against his income from any other source under the same head.
19 [* * *]