Minimum Public Offer Requirements set tiered issuer-based allotment minima with mandatory staged public shareholding increases and exchange enforcemen...
Disallowance under tax law for investment expenses cannot be applied mechanically; authority must record clear reasons before increasing assessee's su...
Page of 4828
Press 'Enter' after typing page number.
5641 to 5660 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Carry forward and set off of short-term capital loss depends on compliance with the prescribed time limit for filing the loss return; where the return for AY 2020-21 was filed beyond the due date and no extension or condonation was sought, the Tribunal stated that carry forward stood denied when the return was processed. It further stated that the earlier denial could not be reopened in an appeal for AY 2024-25, so capital gains of that year could not be set off against the carried forward loss. The Tribunal distinguished Kullu Valley Transport Co. on facts and upheld the denial of set off.
Carry forward and set off of short-term capital loss depends on compliance with the prescribed time limit for filing the loss return; where the return for AY 2020-21 was filed beyond the due date and no extension or condonation was sought, the Tribunal stated that carry forward stood denied when the return was processed. It further stated that the earlier denial could not be reopened in an appeal for AY 2024-25, so capital gains of that year could not be set off against the carried forward loss. The Tribunal distinguished Kullu Valley Transport Co. on facts and upheld the denial of set off.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
