Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

Allowability of c/f / set-off loss u/s 10 (38) / 10 (34), Income Tax

Issue Id: - 2663
Dated: 19-1-2011
By:- MAHESH MATHUR

Allowability of c/f / set-off loss u/s 10 (38) / 10 (34)


  • Contents

I had read an intresting article from one of TMI members on Allowability of loss u/s 10 (38) quite some time back almost one & half year back. In the article, it was mentioned that the loss u/s 10 (38) could be c/f/ set-off.

In the same article a judgement of the Supreme Court (not sure on the authority), involving loss on sale of UTI units was mentioned (u/s 10 (34)). 

The authority had ruled in the favour of the assessee. One of the grounds was that the intention of the government was not to burden the assessee by introducing such a provision.

Unfortunately, i cannot locate that article nor the case in my records or the website.

I would be very thankful if anyone can provide me with that case Citation or the article.

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 21-7-2011
By:- Rama Krishana

Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates