Set off of loss from assets on which depreciation was claimed - ...

Income Tax

February 7, 2012

Set off of loss from assets on which depreciation was claimed - under section 74(1)(b) the assessee is entitled to the claim of set off of long term capital loss against the income arising from the sale of office premises, the gain of which is short term due to the deeming provision but the asset is long term. - set off allowed..... - AT

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Set off of loss from assets on which depreciation was claimed - ...

Income Tax

February 7, 2012

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