https://www.taxtmi.com/caselaws?id=121300 SC Tribunal resolved a complex tax law issue regarding set-off of short-term capital losses against gains taxed at different rates. The Tribunal upheld the assessee's right to set off short-term capital losses against gains from any transaction under section 70(2), regardless of tax rate or period. The decision affirmed the assessee's discretion in choosing set-off methodology, distinguishing between income computation and tax rate application. en-us Thu, 23 Jul 2009 00:00:00 +0530 Tue, 27 May 2025 15:21:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121300 SC Tribunal resolved a complex tax law issue regarding set-off of short-term capital losses against gains taxed at different rates. The Tribunal upheld the assessee's right to set off short-term capital losses against gains from any transaction under section 70(2), regardless of tax rate or period. The decision affirmed the assessee's discretion in choosing set-off methodology, distinguishing between income computation and tax rate application. Case-Laws Income Tax Thu, 23 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121300