https://www.taxtmi.com/caselaws?id=203192 The case involved issues of non-allowance of set off of long-term loss against long-term capital gain and computation of short-term capital gain on the sale of property rights. The appellant's challenge regarding the set off of long-term loss was dismissed. Regarding the computation of short-term capital gain, the Tribunal held that the Assessing Officer must consider the Departmental Valuation Officer's valuation as binding, directing the computation of capital gain based on the DVO's valuation. The appeal was partly allowed for statistical purposes, with the order pronounced on November 4, 2010. en-us Thu, 04 Nov 2010 00:00:00 +0530 Wed, 27 Jul 2016 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203192 The case involved issues of non-allowance of set off of long-term loss against long-term capital gain and computation of short-term capital gain on the sale of property rights. The appellant's challenge regarding the set off of long-term loss was dismissed. Regarding the computation of short-term capital gain, the Tribunal held that the Assessing Officer must consider the Departmental Valuation Officer's valuation as binding, directing the computation of capital gain based on the DVO's valuation. The appeal was partly allowed for statistical purposes, with the order pronounced on November 4, 2010. Case-Laws Income Tax Thu, 04 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203192