Denial of carry forward of long term capital loss - When the he ...

Income Tax

October 30, 2021

Denial of carry forward of long term capital loss - When the he taxed the difference in amount under short term capital gain and also disallowed short term capital loss u/s. 94(7) of the Act, definitely, in our opinion, the AO should have allowed carry forward of differential amount under long term capital loss and for denying the same, in our opinion, is not justified. Therefore, we direct the AO to allow carry forward the difference of amount. - AT

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Denial of carry forward of long term capital loss - When the he ...

Income Tax

October 30, 2021

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