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sir
can you give a citation for a circular of 1997 , refereed herein above , thanks

Any expense cannot get set off from Income from Other Source ..as Sec 57 (iii)  any other expenditure (not being in the nature of capital expenditure) laid out or expended wholly and exclusively for the purpose of making or earning such income.


is clear .
         

while passing the Order, for a business income , does AO is supposed to calculate the Complete Income , showing Income from P& L A/c? can he just start with as per income computed as per Computation of Income and adding certain additions ..is there any citation , where he's suppose to calculate a complete income , even if assesses has not claimed benefit available under IT