https://www.taxtmi.com/caselaws?id=71327 The Tribunal allowed the appeal, directing the Assessing Officer to first set off the business loss against income from other sources before setting it off against income from capital gains. This decision aligns with legislative provisions under section 71(2) of the Income-tax Act, emphasizing taxpayer flexibility and maximizing benefits in tax assessments. en-us Fri, 06 Jan 2006 00:00:00 +0530 Thu, 04 Apr 2024 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71327 The Tribunal allowed the appeal, directing the Assessing Officer to first set off the business loss against income from other sources before setting it off against income from capital gains. This decision aligns with legislative provisions under section 71(2) of the Income-tax Act, emphasizing taxpayer flexibility and maximizing benefits in tax assessments. Case-Laws Income Tax Fri, 06 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71327