https://www.taxtmi.com/caselaws?id=120165 The Tribunal dismissed the petitioner's miscellaneous petition seeking rectification of a mistake apparent on record in the disposal of an appeal concerning the set-off of brought forward losses against current year's dividend income. The Tribunal held that the shares in question were held as trading assets, allowing for the set-off of dividend income against business losses. Citing relevant case law, including decisions from the Supreme Court and High Courts, the Tribunal concluded that no rectifiable mistake existed in the initial order and therefore dismissed the petition. en-us Tue, 23 May 2006 00:00:00 +0530 Tue, 17 Jul 2012 13:06:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120165 The Tribunal dismissed the petitioner's miscellaneous petition seeking rectification of a mistake apparent on record in the disposal of an appeal concerning the set-off of brought forward losses against current year's dividend income. The Tribunal held that the shares in question were held as trading assets, allowing for the set-off of dividend income against business losses. Citing relevant case law, including decisions from the Supreme Court and High Courts, the Tribunal concluded that no rectifiable mistake existed in the initial order and therefore dismissed the petition. Case-Laws Income Tax Tue, 23 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120165