https://www.taxtmi.com/caselaws?id=209655 The Tribunal allowed the appeal by the assessee, directing the Assessing Officer to accept the claim for setting off the indexed long-term capital loss against the non-indexed long-term capital gains. The Tribunal clarified that the term "similar computation" in Section 70(3) referred to the computation under sections 48 to 55 of the Income-tax Act, 1961, and not the specific methods of computation under different provisions. en-us Fri, 08 Apr 2011 00:00:00 +0530 Sun, 05 Feb 2012 07:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209655 The Tribunal allowed the appeal by the assessee, directing the Assessing Officer to accept the claim for setting off the indexed long-term capital loss against the non-indexed long-term capital gains. The Tribunal clarified that the term "similar computation" in Section 70(3) referred to the computation under sections 48 to 55 of the Income-tax Act, 1961, and not the specific methods of computation under different provisions. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209655