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TMI BlogAllowability of c/f / set-off loss u/s 10 (38) / 10 (34)X X X X Extracts X X X X X X X X Extracts X X X X ..... Allowability of c/f / set-off loss u/s 10 (38) / 10 (34) X X X X Extracts X X X X X X X X Extracts X X X X ..... ad 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 fa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vour 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 c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase in my records or the website. I would be very thankful if anyone can provide me with that case Citation or the article. Reply By Rama Krishana: The Reply: Hello, do you need this one: For brain ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... storming: - Provisions Section 10(38) - vis a vis LTC loss with STT. Such loss can be set off against taxable LTC Gains and carried forward for such set off in future. X X X X Extracts X X X X X X X X Extracts X X X X ..... e Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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