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2014 (8) TMI 1225 - AT - Income TaxSet off the Short term Capital Loss (transactions with STT paid) against the Short term capital gain (transactions without STT paid) - HELD THAT:- We have heard the arguments and have perused the orders of the revenue authorities and the cases cited before us. The impugned issue has been the subject matter of dispute before various coordinate Benches of the ITAT and coordinate Benches have consistently interpreted the provisions of section 111A in favour of the assessee. Respectfully, therefore, following the decisions already in place and with identical facts in hand, we do not find any reason either to distinguish the cases cited before us or to disturb the findings of the CIT(A) on the impugned issue. See FIRST STATE INVESTMENTS (HONGKONG) LTD. VERSUS ASSISTANT DIRECTOR OF INCOME-TAX (INTERNATIONAL TAXATION), MUMBAI [2009 (7) TMI 908 - ITAT MUMBAI] - Decided in favour of assessee.
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