Capital gains loss carry-forward: set-off restricted by asset term and residual loss must be carried forward. Where the net result under the head Capital gains is a loss, the whole loss is carried forward to the following assessment year; short term capital losses are set off only against capital gains from other short term assets, long term capital losses are set off only against capital gains from non short term assets, and any unsiftable portion is carried forward further. Sub section (3) of the section is omitted.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Capital gains loss carry-forward: set-off restricted by asset term and residual loss must be carried forward.
Where the net result under the head Capital gains is a loss, the whole loss is carried forward to the following assessment year; short term capital losses are set off only against capital gains from other short term assets, long term capital losses are set off only against capital gains from non short term assets, and any unsiftable portion is carried forward further. Sub section (3) of the section is omitted.
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