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<h1>Capital loss set off before 80T deduction: High Court ruling supports Revenue</h1> The High Court of Bombay held that the set off of capital loss brought forward should precede the deduction under section 80T, applying section 74 first. ... Capital Gains, Capital Loss, Set Off The High Court of Bombay ruled that the set off of capital loss brought forward should be made before the deduction under section 80T. The court held that section 74 should be applied first before computation under section 80T. The decision favored the Revenue. (Case: 1989 (9) TMI 78 - BOMBAY High Court)