https://www.taxtmi.com/caselaws?id=120885 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 80M by permitting the set off of business loss against long term capital gains for computing gross total income eligible for deductions under Chapter VI-A of the Income-tax Act. The Tribunal dismissed the revenue's appeal, emphasizing the permissibility of setting off business loss against long term capital gains for claiming the deduction. en-us Fri, 26 Oct 2007 00:00:00 +0530 Wed, 25 Jul 2012 11:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120885 The Tribunal upheld the CIT(A)'s decision to allow the deduction under section 80M by permitting the set off of business loss against long term capital gains for computing gross total income eligible for deductions under Chapter VI-A of the Income-tax Act. The Tribunal dismissed the revenue's appeal, emphasizing the permissibility of setting off business loss against long term capital gains for claiming the deduction. Case-Laws Income Tax Fri, 26 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120885