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Income Tax - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Non setting off the short term capital gain against long term ...

Income Tax

January 14, 2021

Non setting off the short term capital gain against long term capital loss brought forward - There is merit in the contentions of the appellant that prior to amendment to section 70 & 74 by the Finance Act, 2002, the carry forward capital loss was not bifurcated between short term capital loss and long term capital loss. - AT

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