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
71 [Set off of loss from one source against income from another source under the same head of income.
72 70. 73 [* * *] 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 74 [* * *] 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.
75 [* * *]